Citi raised the firm’s price target on NOV Inc. (NOV) to $17 from $16 and keeps a Neutral rating on the shares. The firm adjusted price targets as part of its 2026 outlook for the oil and gas equipment and services group. Citi believes the industry is in the bottom of a two-year downcycle. The lack of negative estimate revisions could drive better share performances in 2026, the analyst tells investors in a research note. Citi elevated SLB to its top large-cap pick, followed by Baker Hughes and Halliburton.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NOV:
- NOV Inc. sells its nuclear development company to Natura
- NOV Announces Leadership Transition with New CEO
- Aramco Strikes Up to $30 billion in U.S. Energy and LNG Deals at Washington Forum
- NOV Inc. CEO Clay Williams to retire, Jose Bayardo to succeed
- NOV Inc. price target raised to $16 from $14 at Citi