B of A Securities Maintains Buy on Schlumberger, Lowers Price Target to $54
Portfolio Pulse from Benzinga Newsdesk
B of A Securities has maintained a Buy rating on Schlumberger (NYSE:SLB) but has lowered the price target from $58 to $54.
October 14, 2024 | 5:38 pm
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NEUTRAL IMPACT
B of A Securities has maintained a Buy rating on Schlumberger but reduced the price target from $58 to $54, indicating a slightly less optimistic outlook.
The maintenance of a Buy rating suggests continued confidence in Schlumberger's performance, but the lowered price target indicates a tempered outlook. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100