NOV Inc. downgraded to Neutral from Buy at Seaport Research

Seaport Research analyst Tom Curran downgraded NOV Inc. (NOV) to Neutral from Buy. The firm no longer thinks the company can attain the annual revenue and margin levels in this rest-of-the-world cycle that the bull case assumes, arguing that the company is “simply running out of both the reliable engines and enough time to get there.”