Evercore ISI upgraded SLB (SLB) to Outperform from In Line with a price target of $54, up from $38. The firm says the company’s outlook “is much clearer than it has been in 2+ years.” The closing of the ChampionX acquisition and reduction of exposure to APS reposition SLB towards the well head and production and reduce its risk profile, the analyst tells investors in a research note.
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