NOV Inc. price target lowered to $10 from $11 at Wells Fargo

Wells Fargo lowered the firm’s price target on NOV Inc. (NOV) to $10 from $11 and keeps an Underweight rating on the shares. The firm says that the combination of attractive valuation multiples and share prices for the majority of its coverage near their 2021 lows provides an attractive entry point. The lack of a near-term catalyst poses the greatest roadblock to realizing upside potential, Wells adds.