NOV Inc (NOV) to Benefit from Easing Supply Chains - BofA

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UPDATE: BofA Securities Upgrades NOV Inc. (NOV) to Buy

September 30, 2022 6:04 AM EDT

(Updated - September 30, 2022 9:02 AM EDT)

BofA Securities analyst Chase Mulvehill upgraded NOV Inc. (NYSE: NOV) from Neutral to Buy with a price target of $19.00.

The analyst comments "Since recent June highs, NOV is down 29%, which compares to capital equipment peer performance of: -24% CHX (ChampionX, flat FTI (TechnipFMC) and -29% WHD... More