Global Hunter Securities Starts Schlumberger (SLB) at Accumulate; You're (Sort of) My Boy, Blue
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Price: $53.87 +0.60%
Rating Summary:
49 Buy, 7 Hold, 3 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
49 Buy, 7 Hold, 3 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Global Hunter Securities initiates coverage on Schlumberger (NYSE: SLB) with an Accumulate. PT $86.00.
Global analyst said, "We like the SLB story and we believe the stock presents reasonable upside, but we'd need compelling evidence that the international rig count/pricing is about to go to the moon for the stock to dramatically outperform the group. Given our expectations for the NOC and mega-project oriented eastern and southern hemispheres to collectively improve at a measured pace into 2012, we believe an Accumulate rating and $86 price target are appropriate."
For more ratings news on Schlumberger click here and for the rating history of Schlumberger click here.
Shares of Schlumberger closed at $74.67 yesterday.
Global analyst said, "We like the SLB story and we believe the stock presents reasonable upside, but we'd need compelling evidence that the international rig count/pricing is about to go to the moon for the stock to dramatically outperform the group. Given our expectations for the NOC and mega-project oriented eastern and southern hemispheres to collectively improve at a measured pace into 2012, we believe an Accumulate rating and $86 price target are appropriate."
For more ratings news on Schlumberger click here and for the rating history of Schlumberger click here.
Shares of Schlumberger closed at $74.67 yesterday.
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