Schlumberger: International-Led Growth, ChampionX Synergies, and Undemanding Valuation Support Reiterated Buy and Top Pick
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Bank of America Securities analyst Saurabh Pant has reiterated a Buy rating on Schlumberger (SLB) stock, citing international growth, earnings trajectory, and valuation. He anticipates improved upstream spending, particularly in the Middle East, leading to revenue growth through 2026-2027. The ChampionX acquisition synergies and digital growth are expected to protect margins. Pant raises his EBITDA estimates and sets a price target of $55 per share. Despite recent stock performance, he notes the stock trades below its long-term average, indicating potential upside. TipRanks also reiterated a Buy rating with a $55 target.
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