RBC Capital Reiterates Outperform on Schlumberger, Maintains $66 Price Target
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Keith Mackey has reiterated an Outperform rating on Schlumberger (NYSE:SLB) and maintained a price target of $66.
January 22, 2024 | 5:59 pm
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RBC Capital analyst reaffirms Outperform rating on Schlumberger and maintains a $66 price target, indicating a positive outlook on the stock.
The reiteration of an Outperform rating by a major analyst like RBC Capital suggests a positive sentiment towards Schlumberger's stock. This could influence investors to share this optimism, potentially driving the stock price up in the short term. The maintenance of the $66 price target indicates that the analyst believes the stock has the potential to reach or exceed this target, which is a positive signal for the stock's future performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100