JPMorgan raised the firm’s price target on SLB (SLB) to $61 from $54 and keeps an Overweight rating on the shares. The firm updated the company’s model post the Q1 report. SLB expects the sequential decline in Middle East revenue and earnings to be fully offset by growth in other international revenue, the analyst tells investors in a research note.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SLB:
- SLB price target raised to $61 from $56 at Stifel
- SLB price target raised to $51 from $49 at Barclays
- Marc Bianchi Reiterates Buy on Schlumberger, Lifts Price Target to $66 on Resilient Results and Long-Term Growth Drivers
- SLB price target raised to $65 from $58 at Jefferies
- SLB Earnings Call: Near-Term Hit, Long-Term Upside