Morgan Stanley Downgrades National-Oilwell Varco To Underperform

Analysts at Morgan Stanley downgraded

from Equal-weight to Underperform. The price target for National-Oilwell Varco is set to $53. National-Oilwell Varco shares have dropped 26.66 percent over the past 52 weeks, while the S&P 500 index has surged 12.25 percent in the same period. National-Oilwell Varco shares fell 0.73 percent to $51.55 in pre-market trading.