Citi raised the firm’s price target on SLB (SLB) to $54 from $50 and keeps a Buy rating on the shares after the company reported “solid” earnings and “an even better 2025 update.” The firm, which notes that SLB made the case for flat revenue and EBITDA in 2025 despite a sizable asset sale and several market headwinds, raised its EBITDA forecast, including ChampionX (CHX), to $9.59B in 2025, or $9.79B including other income.
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Read More on SLB:
- SLB price target raised to $48 from $45 at BofA
- SLB price target raised to $50 from $48 at JPMorgan
- SLB price target raised to $54 from $51 at Barclays
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