UPDATE: Susquehanna Downgrades Now Inc (DNOW) to Neutral

(updated to add analyst comment)

Susquehanna downgraded Now Inc (NYSE: DNOW) from Positive to Neutral with a price target of $11.00 (from $19.00).

Analyst Charles Minervino does not believe revenue growth has materialized as quickly or as meaningfully has he would have liked given the recent acquisitions, new customer relationships and share acceleration in US rig count and well competitions and therefore decides to step aside.

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

Shares of Now Inc closed at $11.15 yesterday.

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