B of A Securities Maintains Buy on Schlumberger, Lowers Price Target to $58
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 $62 to $58.
July 15, 2024 | 4:34 pm
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NEUTRAL IMPACT
B of A Securities analyst Chase Mulvehill maintains a Buy rating on Schlumberger but lowers the price target from $62 to $58.
The Buy rating suggests continued confidence in Schlumberger's performance, but the lowered price target indicates some caution about its near-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