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Fly News Breaks for April 24, 2017
SLB
Apr 24, 2017 | 07:54 EDT
Nomura Instinet analyst Matthew Johnston continues to think Schlumberger's the risk/reward is favorable given the flexible nature of its product portfolio. He believs Schlumberger's integrated business model, focus on new technology development, and continued push towards incentive-based work set the company apart in a positive way. Johnston said a material inflection in Schlumberger's key geographic markets is likely a 2018 event and lowered his price target to $85 from $91, but reiterates a Buy rating.
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