B of A Securities Maintains Buy on Schlumberger, Lowers Price Target to $62
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Chase Mulvehill maintains a Buy rating on Schlumberger (NYSE:SLB) but lowers the price target from $63 to $62.
April 22, 2024 | 10:46 am
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NEUTRAL IMPACT
Schlumberger's Buy rating is maintained by B of A Securities, though the price target is reduced from $63 to $62.
The adjustment in price target by a notable analyst could have a mixed impact. While the maintenance of a Buy rating is positive, indicating continued confidence in the company's fundamentals, the reduction in price target might signal tempered expectations for the stock's near-term performance. However, the slight decrease suggests that the overall outlook remains largely positive, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100