Barclays Upgrades NOV Inc. to Equal Weight with $20 Price Target Amid New CEO's Portfolio Repositioning Efforts
ByAinvest
Wednesday, Feb 4, 2026 2:51 pm ET1min read
NOV--
Barclays upgraded NOV Inc. to Equal Weight from Underweight with a $20 price target, citing new CEO Jose Bayardo's efforts to reposition the company's portfolio. The upgrade follows NOV's recent appointment of a new CEO, who is expected to focus on reshaping the company's business strategy and divesting non-core assets. The stock rose 2.2% in trading on Wednesday.
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