Susquehanna analyst Charles Minervino updated his estimates for SLBfollowing its solid Q3 results where its international presence more than offset the weaker market environment in North America, netting moderate growth in 3Q. They expect the company to continue to benefit from a multi-year spend cycle in international markets. Susquehanna maintains its Positive rating and $72 price target on SLB shares.
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Read More on SLB:
- SLB price target lowered to $74 from $76 at Wells Fargo
- SLB (NYSE:SLB) Slides after Mixed Q3 Results
- SLB sees pretax margins in Q4 at same level as Q3
- SLB sees ending year by increasing revenue more than 15%, EBITDA in mid-20s
- SLB sees Q4 sequential revenue growth in high single digits, consensus $8.33B
