DNOW stock flirts with a fresh 52-week low as ERP headaches keep investors on edge
DNOW shares rebounded 1.6% to $12.04 Tuesday morning after hitting a new 52-week low, following a 10.4% drop Monday. Stifel cut its price target to $16, citing ongoing ERP rollout issues at MRC Global’s U.S. business, which makes up about 40% of DNOW sales. DNOW delayed 2026 guidance and reported $2.82 billion in 2025 revenue after closing its $1.5 billion MRC Global acquisition.