NOV Inc. price target raised to $20 from $17 at Goldman Sachs

Goldman Sachs analyst Ati Modak raised the firm’s price target on NOV Inc. (NOV) to $20 from $17 and keeps a Sell rating on the shares. While geopolitical risks could create near-term challenges, there are early signs of dislocations which could present opportunities when compared to fundamentals, the analyst tells investors in a research note. The firm does not expect current geopolitical concerns to meaningfully impact long-term customer plans as significant portions of the activity increases are structural in offsetting decline rates and increasing production capacity, the firm says.