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Fly News Breaks for October 19, 2015
SLB
Oct 19, 2015 | 08:10 EDT
After Schlumberger reported roughly in-line results but said the outlook for its sector was "increasingly challenging," Wells Fargo thinks that oil prices will stabilize in coming months, while global E&P spending will bottom in 2016 and downward EPS revisions for the company are close to ending. Wells keeps an Outperform rating on the shares.
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