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Stock impact report

Stifel Trims Target Price on DNOW In (DNOW) to $16, Due to ERP Risk [Yahoo! Finance]

DNOW Inc. (DNOW) 
Last dnow inc. earnings: 2/19 06:45 am Check Earnings Report
US:NYSE Investor Relations: ir.distributionnow.com/investor-overview
Company Research Source: Yahoo! Finance
DNOW Inc. (NYSE: DNOW ) is one of the 14 Most Undervalued NYSE Stocks to Buy According to Analysts Sitel, on February 23, trimmed its target price on DNOW by 11.1% to $16 (from $18), while retaining its Buy recommendation on the stock. This target price cut comes a couple of days after the company released its Q4 2025 earnings on February 20, which showed the increased risk from lingering ERP implementation issues. David Cherechinsky, DNOW's President and Chief Executive Officer, addressed this issue during the analyst briefing. According to him, the challenges in MRC Global's US ERP implementation (which were communicated in the 3rd quarter, pre-merger) were more persistent than initially anticipated. He described the issue as follows: “Design architecture is resulting in inefficiencies for certain core processes, continuing negative operating and financial impacts. Observed limitations across the system are that it is slow, impedes customer service, requires more resources, i Show less Read more
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