SLB price target raised to $77 from $72 at Susquehanna

Susquehanna analyst Charles Minervino raised the firm’s price target on SLB to $77 from $72 and keeps a Positive rating on the shares. The firm updated its model following its 4Q23 results where the company delivered stronger than expected results in 4Q, driven by robust international demand, while North America netted flat growth, as Gulf of Mexico activity offset softer land activity.