SLB price target lowered to $47 from $48 at Barclays

Barclays lowered the firm’s price target on SLB (SLB) to $47 from $48 and keeps an Overweight rating on the shares as part of a Q2 preview for the energy services group. The firm says investor sentiment is poor and second half of 2025 outlooks will likely be revised lower, pulling down 2026 consensus estimates. However, the possible final cut to estimates may be a catalyst for shares, “considering highly attractive valuations and the potential for the macro to turn positive later this year,” the analyst tells investors in a research note