Goldman Sachs Raises Price Target On National Oilwell Varco (NOV)
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Price: $20.42 +0.74%
Rating Summary:
20 Buy, 23 Hold, 7 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
20 Buy, 23 Hold, 7 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Goldman Sachs raised their 6-month price target on National-Oilwell Varco (NYSE: NOV) from $92 to $98 but is keeping their Neutral rating.
The firm notes the company set a new record for orders, but margins remain a concern.
Goldman raised 2011/12/13E EPS by 8%/7%/7% to $4.36/$5.60/$6.31 primarily to reflect higher Rig Technology expectations.
For more ratings news on National-Oilwell Varco click here and for the rating history of National-Oilwell Varco click here.
Shares of National-Oilwell Varco closed at $81.96 yesterday.
The firm notes the company set a new record for orders, but margins remain a concern.
Goldman raised 2011/12/13E EPS by 8%/7%/7% to $4.36/$5.60/$6.31 primarily to reflect higher Rig Technology expectations.
For more ratings news on National-Oilwell Varco click here and for the rating history of National-Oilwell Varco click here.
Shares of National-Oilwell Varco closed at $81.96 yesterday.
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