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Fly News Breaks for June 16, 2017
SLB
Jun 16, 2017 | 07:07 EDT
UBS analyst Angie Sedita lowered her price target on Schlumberger to $90 from $97 to reflect tempered international revenue assumptions. In addition, she lowered her margin forecasts and noted the shares are trading at a 21% premium to its large-cap oil service peers, which is inline with the historical average. Sedita maintained her Buy rating on Schlumberger shares.
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