JPMorgan raised the firm’s price target on SLB (SLB) to $50 from $48 and keeps an Overweight rating on the shares. The firm says there was a “relief rally” in SLB shares following the Q4 print on the back of “better than feared” 2025 commentary and favorable cash return messaging. Heading into the print, consensus 2025 earnings expectations had been “ratcheted down given well-chronicled spending headaches” in several large spending markets of SLB, the analyst tells investors in a research note.
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