Morgan Stanley Maintains Overweight on Schlumberger, Lowers Price Target to $60
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley has maintained an Overweight rating on Schlumberger but lowered its price target from $65 to $60.
September 16, 2024 | 5:11 pm
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Morgan Stanley has maintained an Overweight rating on Schlumberger, indicating continued confidence in the stock, but has lowered the price target from $65 to $60, suggesting a more conservative outlook.
The Overweight rating suggests Morgan Stanley still sees potential in Schlumberger, but the reduced price target indicates a tempered expectation of growth. This mixed signal may lead to neutral short-term price movement.
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IMPORTANCE 80
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