Schlumberger shares rise on lower 2019 capex, international outlook
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/23/2026
- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- Alphabet added to Dow Jones Industrial Average, Verizon dropped
- Chip stocks plunge, but bargain-hunters limit scale of tech rout
- FedEx falls 4% as CY2026 profit forecast misses expectations despite Q4 beat
- Oil prices finish 1% lower as investors focus on Hormuz flows after peace talks
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Spain's ex-transport minister sentenced to 24 years for corruption
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
- Needham Starts NeoVolta (NEOV) at Buy
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
Schlumberger (SLB) PT Lowered to $58 at RBC Capital; 'Bad News is Now Good News'
January 18, 2019 1:29 PM ESTRBC Capital analyst Kurt Hallead lowered the price target on Schlumberger (NYSE: SLB) to $58.00 (from $63.00) while maintaining a Outperform rating.
Hallead said "bad news is now good news." They believe SLB is fundamentally well positioned to outperform headed into 2019.
... More