SLB Announces Agreement to Acquire ChampionX in an All-Stock Transaction

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SLB (SLB) PT Raised to $69 at RBC Capital

April 3, 2024 6:37 AM EDT

RBC Capital analyst Keith Mackey raised the price target on SLB (NYSE: SLB) to $69.00 (from $66.00) while maintaining a Outperform rating.

The analyst comments "We see the $8.2bn acquisition of CHX as a strategic fit with SLB's portfolio which enhances its exposure to future growth... More