You sure you didnt read that right? Are you SURE it wasnt a downgrade?? LMAO. Should close under $68 today. $65 EOY target. Buy next month at $62.
The MS downgrade just shows you Standpoint needs to unload for its clients that are now stuck in NOV. Those poor bastids will be lucky to escape the NOV sinkhole unless they all sell now. Could sink to new 52 week lows....GL Bagholders.
then, why has MS still kept a $95 PT on this? yes, down from $110, but still $25 or 35% more than the price on downgrade day.
I think the biggest downside risk is the Goodwill on their books from acquisitions, not sales or profits
the NOV sink hole is really starting to cave in. Stay away from this falling knife or you will not have any hands left in order to hit the sell button to save your money from disappearing...lol
so? just means they want to sell this overpriced pig to bagholders like you. Buy at $55.