SLB price target lowered to $64 from $65 at TD Cowen

TD Cowen lowered the firm’s price target on SLB to $64 from $65 and keeps an Outperform rating on the shares. The analyst said its mixed Q1 results and in-line Q2 guidance was not enough as expectations heading into the results were a bit too high. Cowen said the long term thesis remains unchanged.