Citi lowered the firm’s price target on SLB (SLB) to $50 from $53 and keeps a Buy rating on the shares. The slowdown in upstream capex appears to be intensifying on the margin and Citi reduced forecasted earnings for SLB as a result, the analyst tells investors in a research note. The firm reset expectations for SLB’s 2025.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks