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As possibility of multiple interest rate cuts dwindle here's what banks and building societies are offering

Shares of Now Inc. Are Up Big Today -- Here's Why

Tyler Crowe, The Motley Fool
·2-min read
Shares of Now Inc. Are Up Big Today -- Here's Why

Shares of oil and gas equipment supplier and supply chain manager Now Inc. (NYSE: DNOW) rose as much as 12.6% today and were up 5.9% as of 1 p.m. EDT. The big move comes after analysts at Stifel upgraded the stock's rating to buy and increased its price target to $12. According to the accompanying report from Stifel, the analysts believe that spending in the oil and gas patch is expected to increase in the coming quarters and should put the wind in Now Inc.'s sails.

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