Jefferies Starts National-Oilwell Varco (NOV) at Buy

November 29, 2011 7:11 AM EST
Get Alerts NOV Hot Sheet
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
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Jefferies initiates coverage on National-Oilwell Varco (NYSE: NOV) with a Buy. PT $88.00.

The firm comments, "We are positive on NOV due to the company's market leading position providing equipment for offshore drilling rig equipment, FPSOs, and for new technology land rigs, coiled tubing units, and other land directed equipment."

For an analyst ratings summary and ratings history on National-Oilwell Varco click here. For more ratings news on National-Oilwell Varco click here.

Shares of National-Oilwell Varco closed at $65.81 yesterday.


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