UBS Maintains Buy on Schlumberger, Lowers Price Target to $63
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Amy Wong maintains a Buy rating on Schlumberger (NYSE:SLB) but lowers the price target from $67 to $63.
August 20, 2024 | 12:35 pm
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UBS analyst Amy Wong maintains a Buy rating on Schlumberger but lowers the price target from $67 to $63, indicating a slightly less optimistic outlook.
The maintained Buy rating suggests continued confidence in Schlumberger's performance, but the lowered price target indicates a tempered outlook. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100