BofA raised the firm’s price target on NOV Inc. (NOV) to $19 from $16.50 and keeps a Buy rating on the shares. Ex-M&A, the firm’s estimates in oilfield services are now “only” 1% below consensus on 2026 EBITDA, says the analyst, who notes that at this point last year the firm was 5% below consensus on 2025 EBITDA. Additionally, the firm’s estimates are now 5% above consensus for 2027 EBITDA for the group, the analyst added in an outlook note on the oilfield services sector.
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Read More on NOV:
- NOV Inc. price target raised to $22 from $19 at TD Cowen
- NOV Inc. price target raised to $20 from $17 at Susquehanna
- NOV Inc. price target raised to $17 from $14 at Piper Sandler
- NOV Inc. price target raised to $15 from $13 at Barclays
- NOV Inc. downgraded to Equal Weight from Overweight at Morgan Stanley