The Fly

SLB price target raised to $75 from $56.80 at HSBC

HSBC analyst Abhishek Kumar raised the firm’s price target on SLB to $75 from $56.80 and keeps a Buy rating on the shares. The company reported solid International growth in Q4, led by the Middle East, and momentum right now is in favor of service players, with SLB being a key beneficiary, the analyst tells investors in a research note.

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