SLB price target raised to $54 from $43 at JPMorgan

JPMorgan analyst Arun Jayaram raised the firm’s price target on SLB (SLB) to $54 from $43 and keeps an Overweight rating on the shares following the Q4 report. While the company’s 2026 outlook did not exceed consensus expectations, the tone of the earnings call was positive with management anticipating an improvement in three of the international problem areas for the industry – Saudi Arabia, Mexico, and deepwater, the analyst tells investors in a research note.