Citigroup Maintains Buy on Schlumberger, Lowers Price Target to $54
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Scott Gruber maintains a Buy rating on Schlumberger but lowers the price target from $60 to $54.
October 22, 2024 | 5:19 pm
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NEUTRAL IMPACT
Citigroup analyst Scott Gruber maintains a Buy rating on Schlumberger but lowers the price target from $60 to $54, indicating a slightly less optimistic outlook.
The maintained 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