Morgan Stanley Maintains Overweight on SLB, Raises Price Target to $62
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Connor Lynagh has maintained an 'Overweight' rating on Schlumberger Limited (NYSE:SLB) and raised the price target from $60 to $62.
July 17, 2023 | 2:35 pm
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POSITIVE IMPACT
Morgan Stanley has maintained an 'Overweight' rating on Schlumberger Limited (NYSE:SLB) and raised the price target from $60 to $62, which could positively impact the stock in the short term.
Analyst ratings and price targets can significantly influence investor sentiment and stock prices. An 'Overweight' rating suggests that the analyst believes the stock will outperform its industry in the near future. The increase in price target from $60 to $62 indicates the analyst's increased confidence in the stock's potential, which could lead to increased investor interest and a potential rise in the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100