SLB price target raised to $74 from $73 at Evercore ISI

Evercore ISI analyst James West raised the firm’s price target on SLB to $74 from $73 and keeps an Outperform rating on the shares. SLB is “exceptionally well positioned” for the accelerating international and offshore upcycle, which remains in the early stages, argues the analyst, who contends that the “bellwether deserves a higher multiple.”