NOV Inc. price target raised to $24 from $22 at Susquehanna

Susquehanna raised the firm’s price target on NOV Inc. (NOV) to $24 from $22 and keeps a Positive rating on the shares. The firm updated its model following Q1 results where management noted that while North American operators remain disciplined, the service complex is already tight, with excess equipment largely exported internationally and new builds likely required to support higher activity levels once conditions normalize in the Middle East.