TD Cowen Maintains Buy on Schlumberger, Lowers Price Target to $63
Portfolio Pulse from Benzinga Newsdesk
TD Cowen analyst Marc Bianchi maintains a Buy rating on Schlumberger (SLB) but lowers the price target from $64 to $63.

April 22, 2024 | 5:14 pm
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TD Cowen maintains a Buy rating on Schlumberger but lowers the price target from $64 to $63.
The adjustment in price target by TD Cowen reflects a slight change in valuation perspective, possibly due to market conditions or company performance. However, maintaining a Buy rating indicates a continued positive outlook on the company's fundamentals. This mixed signal could lead to neutral short-term price movement as investors digest the implications of a lower price target against the backdrop of a sustained Buy recommendation.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100