BMO Capital raised the firm’s price target on SLB (SLB) to $55 from $53 and keeps an Outperform rating on the shares after its Q4 earnings beat. The company’s 2026 outlook also met expectations, with momentum building through the year, and the management expects a stronger Saudi recovery than anticipated, while deepwater, data centers, and Venezuela support a better 2027, the analyst tells investors in a research note.
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