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Fly News Breaks for February 14, 2018
SLB
Feb 14, 2018 | 08:47 EDT
Cowen analyst Marc Bianchi lowered his estimates on Schlumberger following its Q1 update. The analyst cited sluggish pressure pumping growth, elevated competition, and pricing weakness in North America. The analyst noted the company seemed optimistic about second half pricing, but said the Q1 numbers add risk to 2018 overall. Bianchi maintained his Outperform rating and $85 price target on Schlumberger shares.
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