Wall Street Zen Downgrades DNOW to 'Hold' Rating

Analysts cite concerns about the oil and gas company's outlook

Published on Mar. 8, 2026

Got story updates? Submit your updates here. ›

DNOW (NYSE:DNOW), a global distributor of energy and industrial products, was downgraded from a "buy" rating to a "hold" rating by analysts at Wall Street Zen. The move comes as several other brokerages have also recently issued reports on DNOW, with some cutting their price targets and ratings.

Why it matters

DNOW's stock performance and analyst ratings are closely watched by investors, as the company's fortunes are tied to the broader oil and gas industry. The downgrade by Wall Street Zen could signal broader concerns about DNOW's outlook and impact investor sentiment.

The details

In its report, Wall Street Zen cited a number of factors in its decision to lower DNOW's rating, including a drop in the company's price target from analysts at Stifel Nicolaus and a "sell" rating from Weiss Ratings. DNOW's shares have traded in a range of $11.34 to $17.48 over the past 52 weeks.

  • Wall Street Zen issued the downgrade report on Sunday, March 8, 2026.
  • Stifel Nicolaus lowered DNOW's price target on Monday, February 23, 2026.
  • Weiss Ratings cut DNOW's rating to "sell" on Friday, February 27, 2026.

The players

Wall Street Zen

An equity research firm that provides analysis and ratings on publicly traded companies.

Stifel Nicolaus

A full-service brokerage and investment banking firm that covers DNOW.

Weiss Ratings

An independent rating agency that evaluates the financial strength of companies and issues investment recommendations.

Got photos? Submit your photos here. ›

What they’re saying

“We must downgrade DNOW from a 'buy' to a 'hold' rating given the recent negative analyst commentary and the company's uncertain outlook.”

— Wall Street Zen Analyst (Wall Street Zen)

What’s next

Investors will be closely watching DNOW's upcoming earnings report and any further analyst commentary on the company's performance and prospects.

The takeaway

The downgrade of DNOW by Wall Street Zen highlights the volatility and uncertainty facing the oil and gas industry, which could impact the fortunes of equipment and services providers like DNOW. Investors should closely monitor the company's financial results and analyst sentiment as they evaluate the stock.