Wells Fargo Maintains Equal-Weight on Schlumberger, Lowers Price Target to $49
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Chris Vole maintains an Equal-Weight rating on Schlumberger (NYSE:SLB) but lowers the price target from $53 to $49.
September 25, 2024 | 4:34 pm
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Wells Fargo has maintained its Equal-Weight rating on Schlumberger but has reduced the price target from $53 to $49, indicating a more cautious outlook.
The lowering of the price target by Wells Fargo suggests a more cautious outlook on Schlumberger's stock performance, which could lead to a short-term negative impact on the stock price. The Equal-Weight rating indicates a neutral stance, but the reduced price target may influence investor sentiment negatively.
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