NYSE:NOVEnergy Services
Assessing NOV’s Valuation After Barclays’ Target Hike and Brighter Wall Street Outlook
Barclays just nudged its outlook on NOV (NOV) higher by lifting its target while keeping a cautious stance, and that shift, echoed by other Wall Street upgrades, has quietly pulled more eyes to the stock.
See our latest analysis for NOV.
That slightly brighter backdrop lines up with NOV’s recent trading pattern. A 90 day share price return of about 21% contrasts with a still modest 1 year total shareholder return of roughly 15%, suggesting momentum is building but not yet euphoric.
If this...