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Fly News Breaks for April 24, 2017
SLB
Apr 24, 2017 | 08:18 EDT
Cowen analyst Marc Bianchi noted Schlumberger published guidance below expectations, but the stock underperformed the oil services index by less than 100 basis points. He said although the path to recovery remains unclear, he believes the bottom has been put in as the stock has underperformed and expectations remain low. Bianchi reiterated his Outperform rating and $99 price target on Schlumberger shares.
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