RBC Capital Upgrades NOV Inc. (NOV) to Outperform

RBC Capital analyst Keith Mackey upgraded NOV Inc. (NYSE: NOV) from Sector Perform to Outperform with a price target of $22.00.

The analyst comments: "On a relative basis, we believe NOV's EBITDA growth, FCF conversion, and FCF returns to shareholders continue to improve. For 2025, we expect NOV to generate above-average EBITDA growth and have increased our stock buyback assumption to about 5-6% of outstanding shares. Given relative stock price moves, our $22 PT now corresponds to a target return more in line with our other Outperform-rated names."

For an analyst ratings summary and ratings history on NOV Inc. click here. For more ratings news on NOV Inc. click here.

Shares of NOV Inc. closed at $14.64 yesterday.

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