BofA analyst Saurabh Pant raised the firm’s price target on SLB (SLB) to $50 from $45 and keeps a Buy rating on the shares. Ex-M&A, the firm’s estimates in oilfield services are now “only” 1% below consensus on 2026 EBITDA, says the analyst, who notes that at this point last year the firm was 5% below consensus on 2025 EBITDA. Additionally, the firm’s estimates are now 5% above consensus for 2027 EBITDA for the group, the analyst added in an outlook note on the oilfield services sector.
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