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.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
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