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.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DNOW:
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue