Dnow price target lowered to $17 from $20 at Stifel

Stifel lowered the firm’s price target on Dnow (DNOW) to $17 from $20 and keeps a Buy rating on the shares following “strong” Q1 results and 2025 guidance being maintained. Dnow’s scale and supply chain capabilities should allow it to capture price that also helps mitigate the impact of volume declines, while potentially gaining market share, and its “ample” liquidity, a debt-free balance sheet, and counter cyclical cash generation “help to further provide resiliency,” the analyst tells investors.