Will This Coverage Initiation Affect NOW Inc. (DNOW) Stock Today?

NEW YORK (TheStreet) -- Barclays initiated coverage on NOW Inc.  (DNOW) with an "equal weight" rating and set a $33 price target. The firm noted the company offers leverage to the upcycle in capital spending in the industry.

The stock closed at $33 on Monday.

Must Read: Warren Buffett's 25 Favorite Stocks

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