Stifel analyst Adam Farley reiterated a Buy rating and $19.00 price target on Now Inc (NYSE: DNOW).

The analyst commented, "We maintain our Buy rating on DNOW shares with a $19 target price. We were fortunate to host CFO Mark Johnson and Investor Relations Brad Wise for investor meetings in Canada this week. We come away from meetings with a renewed appreciation of the long term opportunities for DNOW to drive accretive growth and realize the value generation benefits of the MRC acquisition. We believe there are multiple sector growth drivers, combined with self help actions, that should drive enhanced profitability in the business for years to come."

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Shares of Now Inc closed at $16.28 yesterday.