SLB price target raised to $77 from $75 at Barclays

Barclays raised the firm’s price target on SLB to $77 from $75 and keeps an Overweight rating on the shares. The analyst says the company once again delivered on the quarter and reiterated full-year guidance, while estimates moved higher to take into account Aker. SLB is best positioned as the cycle expands international and offshore, but still needs to prove to the Street it can drive sector outperformance, the analyst tells investors in a research note.