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Schlumberger (SLB) Receives a Buy from Jefferies
Jefferies analyst Lloyd Byrne maintained a Buy rating on Schlumberger (SLB) and set a price target of $58.00. This comes despite a recent downgrade to Hold by TipRanks – Google on the same day. Schlumberger reported a quarterly revenue of $9.75 billion and a net profit of $800 million for the quarter ending December 31, and corporate insider sentiment on the stock is currently negative due to increased insider selling.