Jefferies initiated coverage of Innovex International with a Buy rating and a price target of $34 on June 8. The firm cited expectations for margin improvement starting in the second half of 2026, driven by self-help initiatives and the roll-off of low-margin subsea backlog. Jefferies also highlighted benefits from the OneSubsea alliance ramp, a constructive long-cycle offshore backdrop, and continued commercial momentum. Piper Sandler had previously raised its price target on the stock to $34 from $33 on May 18, maintaining an Overweight rating.
Innovex International, IncJefferies initiated coverage with Buy rating and $34 target, citing margin improvement and positive outlook
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