Barclays analyst J. David Anderson raised the firm’s price target on SLB (SLB) to $54 from $51 and keeps an Overweight rating on the shares. The company’s solid quarter and better than expected guidance ended the revision cycle as investors start to recognize SLB’s “differentiated growth” in production, the analyst tells investors in a research note.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SLB:
- Supreme Court upholds TikTok ban, Ozempic selected for price talks: Morning Buzz
- SLB Earnings: SLB Surges on Earnings Beat, Dividend Hike, and $2.3B Buyback
- Early notable gainers among liquid option names on January 17th
- Options Volatility and Implied Earnings Moves Today, January 17, 2025
- SLB sees 2025 CapEx ~$2.3B