BMO Capital Maintains Outperform on Schlumberger, Lowers Price Target to $58
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst Phillip Jungwirth maintains an Outperform rating on Schlumberger (NYSE:SLB) but lowers the price target from $60 to $58.
October 10, 2024 | 3:48 pm
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NEUTRAL IMPACT
BMO Capital maintains an Outperform rating on Schlumberger but lowers the price target from $60 to $58, indicating a slightly less optimistic outlook.
The Outperform rating suggests continued confidence in Schlumberger's performance, but the lowered price target indicates a slightly reduced expectation for its stock price. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100