SocGen Upgrades Schlumberger (SLB) to Buy, Raises Target to $108

July 25, 2011 9:59 AM EDT
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Price: $53.77 +3.28%

Rating Summary:
    49 Buy, 7 Hold, 3 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 13 | Down: 14 | New: 11
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An analyst at Societe Generale upgraded shares of Schlumberger (NYSE: SLB) from Hold to Buy Monday morning. The firm boosted its price target on the stock from $98 to $108.

Schlumberger shares are up 0.7 percent to $97.47 in early intraday trade.

The revised investment rating follows Q2 results from Schlumberger on Friday of last week. The stock jumped about 3 percent amid the quarterly results.

For more ratings news on Schlumberger click here and for the rating history of Schlumberger click here.


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