Stifel Downgrades Now Inc (DNOW) to Hold

Stifel analyst Nathan Jones downgraded Now Inc (NYSE: DNOW) from Buy to Hold with a price target of $13.00 (from $17.00).

The analyst comments "We are fans of management and the longer-term potential driven by share gains in the market, but the outlook has too much uncertainty for us to justify a Buy rating at this time, so are stepping to the sidelines with a Hold rating."

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 $11.78 yesterday.

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