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SLB: Jefferies rauses TP

(CercleFinance.com) - Jefferies reiterates its 'buy' recommendation on SLB (formerly Schlumberger) shares, while raising its target price for them from $71 to $73, adjusting its model to take into account management's Q2 targets and the CHX acquisition.


Many questions have been raised regarding SLB's recent acquisitions, Saudi announcements and first-quarter results, the broker summarises about the oilfield services group.

Although the markets are still assessing the impact of these developments, analysts believe that SLB's focus on strengthening its core business and growing returns to shareholders is a constructive element, the broker continues.


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