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Fly News Breaks for July 25, 2016
SLB
Jul 25, 2016 | 08:33 EDT
Cowen raised its price target on Schlumberger to $92 from $85 citing the company's decidedly more optimistic outlook on its recent earnings call than in prior calls. The company feels earnings may have bottomed and the firm feels shares may offer more beta to a recovery than previously expected. Cowen reiterated its Outperform rating on Schlumberger shares.