SLB achieves breakthrough results in sustainable lithium production

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CFRA Downgrades SLB (SLB) to Hold

September 10, 2024 12:45 PM EDT

CFRA analyst Stewart Glickman downgraded SLB (NYSE: SLB) from Buy to Hold with a price target of $42.00 (from $59.00).

The analyst comments "Our 12-month target price of $42, cut $17, reflects a 7.5x multiple of EV to projected 2025 EBITDA, below SLB's historical forward average, but... More