BMO Capital Maintains Outperform on Schlumberger, Lowers Price Target to $64
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst Phillip Jungwirth has maintained an Outperform rating on Schlumberger (NYSE:SLB) but lowered the price target from $66 to $64.

April 22, 2024 | 1:51 pm
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NEUTRAL IMPACT
BMO Capital maintains an Outperform rating on Schlumberger but lowers the price target from $66 to $64.
The adjustment in price target by BMO Capital, while maintaining an Outperform rating, suggests a slight recalibration of expectations rather than a fundamental shift in the company's outlook. This could lead to a neutral short-term impact on SLB's stock price as the market digests the minor adjustment in valuation expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100