SLB price target lowered to $43 from $45 at Morgan Stanley

Morgan Stanley lowered the firm’s price target on SLB (SLB) to $43 from $45 and keeps an Overweight rating on the shares. The firm is updating its price targets for stocks in the Energy Services & Equipment North America sector under its coverage, the analyst tells investors. Morgan Stanley expects Q3 results and Q4 guidance to be in-line with consensus, but notes it sees risk to estimated performance in 2026.