Barclays lowered the firm’s price target on SLB (SLB) to $46 from $47 and keeps an Overweight rating on the shares. The company reported an in-line quarter, the analyst tells investors in a research note. The firm believes SLB’s offshore business remains on track for a mid-2026 inflection despite near term headwinds.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SLB:
- 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
- Schlumberger’s Earnings Call: Cautious Optimism Amid Growth
- Schlumberger’s Strategic Adjustments and CHX Performance Bolster Buy Rating Amid Revenue Concerns