Societe Generale Initiates Coverage On SLB with Buy Rating, Announces Price Target of $81
Portfolio Pulse from Benzinga Newsdesk
Societe Generale analyst Guillaume Delaby has initiated coverage on Schlumberger Limited (NYSE:SLB) with a Buy rating and a price target of $81.
October 10, 2023 | 9:18 am
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Societe Generale has initiated coverage on Schlumberger Limited with a Buy rating and a price target of $81, which could positively impact the company's stock price.
Analyst ratings and price targets can significantly influence a company's stock price. In this case, Societe Generale, a reputable financial institution, has initiated coverage on Schlumberger Limited with a Buy rating and a price target of $81. This suggests that they believe the company's stock is undervalued at its current price and has the potential to reach $81. This positive outlook could encourage investors to buy the stock, potentially driving up its price in the short term.
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