Stifel Reiterates Buy on Schlumberger, Lowers Price Target to $60
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Stephen Gengaro has reiterated a Buy rating on Schlumberger (NYSE:SLB) but has lowered the price target from $62 to $60.
October 21, 2024 | 2:44 pm
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Stifel analyst Stephen Gengaro maintains a Buy rating on Schlumberger but reduces the price target from $62 to $60, indicating a slightly less optimistic outlook.
The reiteration of a Buy rating suggests continued confidence in Schlumberger's performance, but the lowered price target indicates a slight reduction in expected upside. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100