SLB price target raised to $48 from $46 at Barclays

Barclays analyst J. David Anderson raised the firm’s price target on SLB (SLB) to $48 from $46 and keeps an Overweight rating on the shares post the earnings report. The company unveiled its digital segment, which overshadowed another quarter of execution in the core businesses, the analyst tells investors in a research note. The firm believes SLB “has a number of tailwinds at its back.”