Barclays Maintains Overweight on Schlumberger, Lowers Price Target to $61
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst David Anderson maintains an Overweight rating on Schlumberger (NYSE:SLB) but lowers the price target from $63 to $61.
October 21, 2024 | 1:15 pm
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NEUTRAL IMPACT
Barclays analyst David Anderson maintains an Overweight rating on Schlumberger but lowers the price target from $63 to $61, indicating a slight decrease in expected stock performance.
The Overweight rating suggests a positive outlook, but the lowered price target indicates a tempered expectation for stock performance. This mixed signal results in a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100