Stifel raised the firm’s price target on SLB to $64 from $63 and keeps a Buy rating on the shares. Q4 results and a 2024 outlook for EBITDA to be up by mid-teens supports the firm’s positive outlook for the shares, says the analyst, who is “confident” SLB is very well positioned to benefit from rising international and offshore activity, as well as its new digital offerings.
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