Barclays Maintains Overweight on Schlumberger, Lowers Price Target to $63
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst David Anderson maintains an Overweight rating on Schlumberger (NYSE:SLB) but lowers the price target from $67 to $63.
October 16, 2024 | 7:49 pm
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Barclays has maintained its Overweight rating on Schlumberger but has reduced the price target from $67 to $63, 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.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100