National Oilwell Varco (NOV -1.4%) is upgraded to Buy from Hold with an $80 target price at...

|About: National Oilwell Varco, Inc. (NOV)|By:, SA News Editor

National Oilwell Varco (NOV -1.4%) is upgraded to Buy from Hold with an $80 target price at Standpoint Research, which believes shares closely correlate to crude oil prices over the long term and are poised to move up when oil prices rise in 2013-14. The firm considers NOV one of the best performing names in the equipment and services sector, ahead of SLB, WFT and MDR.