SLB price target lowered to $56 from $60 at Susquehanna

Susquehanna lowered the firm’s price target on SLB (SLB) to $56 from $60 and keeps a Positive rating on the shares. The firm updated itsSLB model following 3Q24 results. The outlook reflects continued softness in US land activity and more tempered international growth, driven by a slowdown in demand from shorter-cycle international projects.