Stifel analyst Stephen Gengaro raised the firm’s price target on SLB (SLB) to $61 from $56 and keeps a Buy rating on the shares. Significant leverage to the Middle East is “clearly a short-term headwind,” but strength in other markets is helping offset these issues and should lead to about flat Q2 results, the analyst tells investors in a preview.
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 $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
- Midday Fly By: Intel reports big beat, Meta to deploy AWS chips