JP Morgan Maintains Overweight on Schlumberger, Lowers Price Target to $60
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Arun Jayaram maintains an Overweight rating on Schlumberger (NYSE:SLB) but lowers the price target from $64 to $60.
October 01, 2024 | 6:15 pm
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JP Morgan's analyst Arun Jayaram maintains an Overweight rating on Schlumberger but reduces the price target from $64 to $60, indicating a slightly less optimistic outlook.
The maintenance of an Overweight rating suggests continued confidence in Schlumberger's performance, but the lowered price target indicates a tempered outlook, which could lead to a slight negative impact on the stock price in the short term.
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IMPORTANCE 80
RELEVANCE 100