Evercore ISI Group Maintains Outperform on Schlumberger, Lowers Price Target to $62
Portfolio Pulse from Benzinga Newsdesk
Evercore ISI Group has maintained an 'Outperform' rating on Schlumberger (NYSE:SLB) but has lowered the price target from $74 to $62.
October 21, 2024 | 2:11 pm
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Evercore ISI Group has maintained an 'Outperform' rating on Schlumberger but reduced the price target from $74 to $62, indicating a more conservative outlook.
The maintenance of an 'Outperform' rating suggests continued confidence in Schlumberger's performance, but the lowered price target indicates a more cautious outlook, likely due to market conditions or company-specific factors. This could lead to a short-term negative impact on the stock price as investors adjust expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100