SLB price target raised to $72 from $68 at Susquehanna

Susquehanna analyst Charles Minervino raised the firm’s price target on SLB to $72 from $68 and keeps a Positive rating on the shares. The firm made some adjustments to its model following company comments at a conference but they believe the multi-year international growth story remains intact as land and offshore rig counts are expected to rise, production capacity expands, and more exploration takes place. with the company’s technology a differentiator.