SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates MRC, DNOW, AVDX on Behalf of Shareholders
Written by Emily J. Thompson, Senior Investment Analyst
Source: Globenewswire
Investigation of Companies: Halper Sadeh LLC is investigating MRC Global Inc. and DNOW Inc. regarding potential violations of federal securities laws related to their merger, as well as AvidXchange Holdings, Inc. for its sale to TPG.
Legal Rights for Shareholders: Shareholders of the involved companies are encouraged to contact Halper Sadeh LLC to discuss their legal rights and options, with the firm offering services on a contingent fee basis.
Analyst Views on DNOW
Wall Street analysts forecast DNOW stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for DNOW is 17.00 USD with a low forecast of 16.00 USD and a high forecast of 18.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Analyst Rating
1 Buy
1 Hold
0 Sell
Moderate Buy
Current: 14.340
Low
16.00
Averages
17.00
High
18.00
Current: 14.340
Low
16.00
Averages
17.00
High
18.00
About DNOW
DNOW Inc. is a premier energy and industrial solutions provider. It supplies energy and industrial products and packaged, engineered process and production equipment. The Company is a distributor of pipe, valves, fittings (PVF), pumps and fabricated equipment. Its products and services include air compressors and blowers; artificial lift; drilling and completions; electrical; industrial and facilities supplies; instrumentation and measurement; paint and coatings; PVF; power generation and transmission; process and production equipment; pumps and packages; safety and PPE, and tools and welding equipment. Its DigitalNOW platform and supply chain services address intricate operational challenges, bolstered with support from procurement and inventory management to field services. It serves a range of markets, including upstream, midstream and downstream oil and gas, chemical processing, mining, municipal water, manufacturing, engineering, energy evolution and renewables.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
