NOW Inc. price target raised to $14 from $13 at Stifel

Stifel analyst Nathan Jones raised the firm’s price target on NOW Inc. to $14 from $13 and keeps a Buy rating on the shares after having hosted CEO Dave Cherechinsky for investor meetings in Canada. Management believes the rig count is likely bottoming in the second half and sees growth being possible in 2024, while longer-term energy transition and CCUS markets “provide meaningful upside,” the analyst tells investors.