Stifel Maintains Buy on Schlumberger, Lowers Price Target to $62
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Stephen Gengaro maintains a Buy rating on Schlumberger (NYSE:SLB) but lowers the price target from $65 to $62.
October 11, 2024 | 2:42 pm
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Stifel analyst Stephen Gengaro maintains a Buy rating on Schlumberger but lowers the price target from $65 to $62, indicating a slightly less optimistic outlook.
The Buy rating suggests continued confidence in Schlumberger's performance, but the lowered price target indicates a slightly reduced expectation for upside potential. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100