Reported about 23 hours ago
SocGen analyst Guillaume Delaby has reaffirmed an 'Outperform' rating for SLB N.V. (NYSE:SLB) but reduced the price target from $63 to $47.60 due to concerns about the company's slow transition to New Energies and potential impacts on upcoming financial results. Additionally, SocGen has adjusted its long-term growth expectations for SLB to 2% from 3.5%, attributing this change to revised plans for the ChampionX acquisition.
Source: YAHOO