Susquehanna analyst Charles Minervino lowered the firm’s price target on SLB (SLB) to $46 from $48 and keeps a Positive rating on the shares. The firm updated its model following Q1 results as they tempered their oilfield services spending assumptions which has resulted in lower earnings estimates for 2025 aqnd 2026, pending more economic certainty and a stronger underlying commodity environment.
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