SLB price target lowered to $44 from $46 at JPMorgan

JPMorgan lowered the firm’s price target on SLB (SLB) to $44 from $46 and keeps an Overweight rating on the shares. Q2 results will “likely play second fiddle to the company’s updated outlook comments” following the company’s operating update at JPMorgan’s annual energy conference last week, the analyst tells investors. The firm now forecasts $2.02B of EBITDA, down from a prior expectation of $2.08B, and EPS of 72c, down from 75c previously, the analyst noted.