HSBC Downgrades National-Oilwell To Neutral

Analysts at HSBC downgraded National-Oilwell NOV from Overweight to Neutral. The price target for National-Oilwell has been lowered from $89.22 to $80.00. National-Oilwell shares have gained 5.08% over the past 52 weeks, while the S&P 500 index has surged 16.83% in the same period. National-Oilwell's shares rose 0.20% to close at $73.69 yesterday.