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Fly News Breaks for July 25, 2017
SLB
Jul 25, 2017 | 07:28 EDT
Loop Capital analyst Stephen Gengaro lowered his 2018 EBITDA forecast for Schlumberger due to near-term uncertainty about the pace of recovery internationally. Given the lowered forecast, he cut his price target on Schlumberger to $80 from $93, though he still considers the stock a core holding for oil service investors and keeps a Buy rating on the name.