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Stock impact report

Innovex International (INVX) Surges Following Barclays Upgrade [Yahoo! Finance]

Innovex International, Inc. (INVX) 
Company Research Source: Yahoo! Finance
Innovex International (INVX) Surges Following Barclays Upgrade Established in 2024 following the merger of Dril-Quip and Innovex Downhole Solutions, Innovex International, Inc. (NYSE:INVX) designs and manufactures offshore drilling and production equipment. Innovex International, Inc. (NYSE:INVX) rose to a 52-week high on November 14 when Barclays upgraded the stock from ‘Underweight' to ‘Equal Weight', while also increasing its price target from $14 to $20. The analyst stated that the company had streamlined the business and achieved ‘key wins' since its merger with Dril-Quip last year. Barclays acknowledged Innovex's consistent free cash flows, while also highlighting its ‘well-timed' strategic moves, including the establishment of a new manufacturing facility in Saudi Arabia and the company's status as the exclusive wellhead partner for OneSubsea. It needs mentioning that Innovex International, Inc. (NYSE:INVX) reported mixed results for its Q3 on November 3, with its adjust Show less Read more
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