NOV Inc. price target lowered to $11 from $13 at Barclays

Barclays lowered the firm’s price target on NOV Inc. (NOV) to $11 from $13 and keeps an Underweight rating on the shares. The company’s second half guidance of flat revenue and margins will be tough to hit considering North America activity is softening, while the tariff impact is “surprisingly low” for the largest manufacturer in the U.S., the analyst tells investors in a research note.