SLB price target raised to $67 from $62 at Citi

Citi analyst Scott Gruber raised the firm’s price target on SLB to $67 from $62 and keeps a Buy rating on the shares. The analyst says the investment thesis is still intact post the Q4 results. As SLB increases exposure to digital and product sales, this will introduce greater negative seasonality into earnings from Q4 to Q1, the analyst tells investors in a research note.