Schlumberger (SLB) PT Raised to $51 at Wolfe Research
Wolfe Research analyst Sam Margolin raised the price target on Schlumberger (NYSE: SLB) to $51.00 (from $46.00) while maintaining an Outperform rating following results.
The analyst commented, "SLB's 3Q22 pulled forward significant international revenue and margin momentum expected over the next 18 months. The 11/3 analyst day should have materially more color on momentum into 2023, but Mid-East drives a broadly constructive outlook."