Cowen analyst Marc Bianchi downgraded Schlumberger to Market Perform from Outperform as he sees risk to its estimates which may leave concerns about dividend coverage. The analyst sees Q2 as an important milestone for the company to demonstrate the ramp to 2020 guidance is on pace. Bianchi lowered his price target to $42 from $44 on Schlumberger shares.
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here