UPDATE: Citigroup Lowers PT on National-Oilwell Varco on Robbins & Myers Acquisition
March 20, 2013 at 13:04 PM EDT
In a report published Wednesday, Citigroup analyst Robin Shoemaker reiterated a Buy rating on National-Oilwell Varco (NYSE: NOV ), but lowered the price target from $96.00 to $85.00. In the report, Shoemaker noted, “We have updated our EPS estimates to include the acquisition of Robbins & Myers, Inc. for approximately
