Jefferies Starts Schlumberger (SLB) at Buy

November 29, 2011 6:53 AM EST
Get Alerts SLB Hot Sheet
Price: $47.36 --0%

Rating Summary:
    49 Buy, 7 Hold, 3 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 13 | Down: 22 | New: 8
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Jefferies initiates coverage on Schlumberger (NYSE: SLB) with a Buy. PT $90.00.

The firm comments, "SLB is the undisputed industry leader with a global footprint and leading technology across most product lines. The company is highly leveraged to a continued recovery in international drilling activity as well as the long-term growth of deepwater drilling activity."

For an analyst ratings summary and ratings history on Schlumberger click here. For more ratings news on Schlumberger click here.

Shares of Schlumberger closed at $69.22 yesterday.


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