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DNOW Inc. price target lowered to $15 from $16 at Susquehanna

Susquehanna analyst Charles Minervino lowered the firm’s price target on DNOW Inc. to $15 from $16 and keeps a Neutral rating on the shares. The firm updated its model for following 1Q24 earnings results and have slightly lowered its target multiple with organic growth flat in 2024, the acquisition completed, and pricing competition starting to creep in.

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