Susquehanna analyst Charles Minervino raised the firm’s price target on SLB to $68 from $65 and keeps a Positive rating on the shares. The firm updated its estimates and noted overall, the company delivered solid results in 2Q23, with revenue coming in slightly lower than our estimates on better than expected margins. The firm said In light of promising trends, they have slightly raised their target multiple.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on SLB: