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Fly News Breaks for January 23, 2017
CAM, SLB
Jan 23, 2017 | 09:11 EDT
As previously reported, Stephens analyst Matthew Marietta downgraded Schlumberger (SLB) to Equal Weight from Overweight on valuation. The analyst remains confident in Schlumberger's ability to benefit from the Cameron (CAM) integration, and its wide-ranging suite of products/services. However, Marietta notes that his Overweight thesis has been based on the relative international resiliency thus far, which as NAM recovers more sharply may lead to less stock performance. He also lowered his price target on Schlumberger's shares to $86 from $89.
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