Jefferies raised the firm’s price target on SLB to $75 from $70 and keeps a Buy rating on the shares. The firm anticipates the company to post a 3% quarter-over-quarter growth in revenue for Q3 and expects earnings to largely be in-line with expectations. The increased price target is largely driven by the inclusion of OneSubsea-Aker-Subsea 7 joint venture contribution from 1Q24.
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