Jefferies increased SLB’s price target from $51 to $58, maintaining a Buy rating due to recent gains and attractive valuation. Expectations of further upside as business cycle improves. SLB secured two contracts from PDO in Oman to enhance production efficiency and recovery rates. UBS analyst raised SLB’s PT from $50 to $61.

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Read more at Yahoo Finance: Jefferies Raises SLB (SLB) PT to $58 on Attractive Valuation, Market Upside