UBS Maintains Buy on Schlumberger, Lowers Price Target to $57
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Amy Wong maintains a Buy rating on Schlumberger (NYSE:SLB) but lowers the price target from $63 to $57.
September 18, 2024 | 2:54 pm
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UBS analyst Amy Wong continues to recommend buying Schlumberger stock but has reduced the price target from $63 to $57, indicating a more cautious outlook.
The maintained Buy rating suggests continued confidence in Schlumberger's prospects, but the lowered price target reflects a more cautious stance on its near-term valuation. This mixed signal may lead to neutral short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100