Barclays analyst J. David Anderson lowered the firm’s price target on SLB (SLB) to $48 from $53 and keeps an Overweight rating on the shares. Arguing it has less upstream exposure than most, the company expects its portfolio to outperform in the second half of the year driven by digital and production, while 25% EBITDA margins are still achievable this year, the analyst tells investors in a research note. The firm added that it lowered its EBITDA estimates for 2025 and 2026 on slowing revenue.
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