Stifel lowered the firm’s price target on NOV Inc. (NOV) to $22 from $23 and keeps a Buy rating on the shares. Oil service stocks have underperformed the S&P 500 in 2025, and catalysts have been largely negative, the analyst tells investors in a research note. Entering Q2 earnings season, the firm believes shares will be range bound until estimates stop falling.
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Read More on NOV:
- NOV Inc. price target lowered to $18 from $19 at Susquehanna
- Mixed Outlook for NOV: Hold Rating Amid Revenue Concerns and Strong FCF Conversion
- NOV Inc. price target lowered to $10 from $11 at Wells Fargo
- NOV Declares Dividends at Annual Stockholders Meeting
- NOV Inc. declares supplemental cash dividend of 21c per share