Barclays lowered the firm’s price target on SLB (SLB) to $61 from $63 and keeps an Overweight rating on the shares. SLB once again hit its targets with a standout quarter from digital, but the focus was on the slowing spending cycle in 2025, which revised numbers lower, the analyst tells investors in a research note.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SLB:
- SLB price target lowered to $62 from $74 at Evercore ISI
- Netflix reports Q3 beat, CVS CEO Lynch steps down: Morning Buzz
- SLB Earnings: SLB’s Q3 Earnings Rise amid Cautious Market Conditions
- Morning Movers: CVS Health sinks following CEO change, weak guidance
- Schlumberger Provides Insights on Operational Results