SLB: Oddo BHF remains positive, but lowers TP
(CercleFinance.com) - Oddo BHF reiterates its 'outperform' rating on SLB shares, albeit with a target price lowered from $65 to $55, and an adjustment to its EPS sequence (delayed ChampionX integration and slightly less buoyant international momentum in the short term).
Following last Friday's publication of a solid end to the year, with sales and EPS ahead of expectations, the analyst notes that the group remains confident that this supercycle will continue (at least until the end of the decade).
He sees SLB as a veritable toolbox essential for O&G players, with a solid financial position and a genuine 'cash machine' for its shareholders, which could enable it to finance possible acquisitions in the energy transition.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.
Following last Friday's publication of a solid end to the year, with sales and EPS ahead of expectations, the analyst notes that the group remains confident that this supercycle will continue (at least until the end of the decade).
He sees SLB as a veritable toolbox essential for O&G players, with a solid financial position and a genuine 'cash machine' for its shareholders, which could enable it to finance possible acquisitions in the energy transition.
Copyright (c) 2025 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.