Jefferies raised the firm’s price target on SLB to $73 from $71 and keeps a Buy rating on the shares following the Q1 report. While the markets continue to gauge the impact of the company’s recent acquisitions and the Saudi announcements, its focus on strengthening the core business and growing shareholder returns are “constructive steps,” the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SLB:
- SLB Stock (NYSE:SLB) Remains a “Strong Buy” for Goldman Sachs After Q1 Beat
- Schlumberger’s ChampionX Takeover: High Stakes in Merging Operations for Growth and Synergy
- SLB price target lowered to $64 from $66 at BMO Capital
- SLB price target lowered to $71 from $72 at Raymond James
- SLB price target lowered to $63 from $64 at TD Cowen