National Oilwell Varco Upgraded To Buy From Hold At Loop Capital

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Loop Capital analyst Stephen Gengaro upgraded National Oilwell Varco (NOV) to Buy with a $40 price target. Current share levels offer an "excellent" risk/reward profile, Gengaro tells investors in a research note. He expects the company's businesses outside of deep-water rig equipment to drive "solid earnings and cash generation" through 2019.


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