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UPDATE: Credit Suisse Initiates National-Oilwell at Neutral on Limited Upside to Valuation

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Credit Suisse initiated coverage on National-Oilwell (NYSE: NOV) with a Neutral rating and a $72.00 price target.

Credit Suisse noted, "NOV Is a Great Company: And it truly is one company, which is impressive considering its origins and history. Since 2004, the company's market cap is up 1100%, which is twice the growth of the nearest rivals, both of which are equipment manufacturers as well. If ever our industry truly had a 900-lb. gorilla, this is it. But while great companies can stay great and get better over time, their share prices are much more volatile, with factors outside of management influence causing fluctuations in valuation, with the latest raising concerns about long-term organic growth."

National-Oilwell closed at $74.14 on Thursday.

Latest Ratings for NOV

DateFirmActionFromTo
May 2015JP MorganInitiates Coverage onUnderweight
May 2015CitigroupDowngradesNeutralSell
Apr 2015Morgan StanleyDowngradesEqual-weightUnderweigt

View More Analyst Ratings for NOV
View the Latest Analyst Ratings

Posted-In: Credit SuisseAnalyst Color Initiation Analyst Ratings

 

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