Stifel lowered the firm’s price target on SLB (SLB) to $60 from $62 and keeps a Buy rating on the shares. Though international growth rates are slowing, the firm says Q3 results, Q4 guidance, and the 2025 outlook support its belief that the risk/reward in the shares remains favorable and that SLB is well positioned to deliver solid growth and robust free cash flow over the next few years.
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