Susquehanna lowered the firm’s price target on SLB (SLB) to $42 from $44 and keeps a Positive rating on the shares. The firm updated its model following its Q2 report where its target is based on new estmates and a slightly higher multiple due to confidence in cash flow generation.
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Read More on SLB:
- SLB price target lowered to $46 from $48 at RBC Capital
- SLB price target lowered to $46 from $47 at Barclays
- SLB price target raised to $44 from $43 at Wells Fargo
- Schlumberger’s Strong Q2 Performance and Strategic Positioning Earns Buy Rating
- SLB Earnings: SLB Stock Gushes Higher as Q2 Earnings Beat Forecasts
