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Fly News Breaks for January 9, 2019
NOV
Jan 9, 2019 | 16:20 EDT
Stephens analyst Tommy Moll started National Oilwell with an Overweight rating and $35 price target. The analyst was optimistic on the company's "unparalleled global scale" and the fact it has #1 share in 22 of 28 markets, as well as its focus on "internally-developed technologies for high-growth opportunities in unconventional shale development." Moll noted the stock trades just slightly above the ~0.7x book value support level, despite his belief free cash flow will begin growing again in 2019.
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