SLB price target lowered to $43 from $46 at Wells Fargo

Wells Fargo analyst Roger Read lowered the firm’s price target on SLB (SLB) to $43 from $46 and keeps an Overweight rating on the shares. The firm says that the combination of attractive valuation multiples and share prices for the majority of its coverage near their 2021 lows provides an attractive entry point. The lack of a near-term catalyst poses the greatest roadblock to realizing upside potential, Wells adds.