Billionaire Kerr Neilson invests over $88 million in Schlumberger Limited (SLB), comprising 5.10% of his portfolio, earning the company a spot in his top 10 stock picks. Bank of America lowers SLB’s price target from $42 to $40 but maintains a ‘Buy’ rating due to softness in well construction activity in certain regions.

Schlumberger Limited (SLB) is shifting towards digital and low-carbon technologies to drive long-term growth beyond traditional oil and gas sectors. They anticipate generating $4 billion in free cash flow in 2025, enabling sustained dividends and share repurchases. The company offers energy technology services globally, supporting various energy clients.

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Read more at Yahoo Finance: Bank of America Lowers PT on Schlumberger Limited (SLB); Maintains ‘Buy’ Rating