Citigroup Maintains Buy on Schlumberger, Lowers Price Target to $62
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Scott Gruber maintains a Buy rating on Schlumberger (NYSE:SLB) but lowers the price target from $65 to $62.

June 28, 2024 | 7:48 pm
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Citigroup analyst Scott Gruber maintains a Buy rating on Schlumberger but lowers the price target from $65 to $62.
The maintained Buy rating suggests continued confidence in Schlumberger's performance, but the lowered price target indicates some caution about its short-term prospects. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100