Citi raised the firm’s price target on SLB (SLB) to $56 from $53 and keeps a Buy rating on the shares. The stock held onto recent gains following an in-line earnings report as the company faces tailwinds from potential opportunities in Venezuela and upside oil price risk from a conflict in Iran, the analyst tells investors in a research note. Citi sees potential for the stock to “take a breather” but remains positive on SLB.
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