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theglobeandmail.comOCT 21 min read$SLB

Jefferies Keeps Their Buy Rating on SLB (SLB)

Jefferies analyst Lloyd Byrne maintained a Buy rating on SLB with a $66.00 price target. SLB reported Q2 revenue of $8.97B and net profit of $786M, up from $8.55B and $1.01B respectively last year. The analyst consensus is Strong Buy with an average target of $64.00.

Original reporting
theglobeandmail.com
Published Oct 2, 2026, 2:08 AM UTC
Analysis
AlphAI AI DeskAI-generated
Added to AlphAI Oct 2, 2026, 4:30 AM UTC. Informational, not investment advice.
How this was made
AlphAI summarizes source reporting and applies a structured AI analysis for relevance, timing, sentiment and ticker impact. Always verify material claims with the original publisher.
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Jefferies Keeps Their Buy Rating on SLB (SLB) — source image
Source · theglobeandmail.com
Decision brief

The 30-second read

$SLBBullishMed
01

Why it matters

The higher target may prompt short-term buying interest, though the earnings figures themselves were already public.

02

Market read

Analyst rating reinforcement and a modest price target raise provide a fresh data point for traders monitoring SLB.

03

What to watch

Potential headwinds from oil price volatility and ongoing cost pressures are not addressed.

Relevance 7/10Novelty 7/10Timing: today

Background

Jefferies analyst Lloyd Byrne reaffirmed a Buy rating on Schlumberger (SLB) and issued a new price target of $66, citing the company's recent quarterly earnings.

Company-level read

Ticker impact

$SLBBullishMedium confidence
Context

Jefferies analyst reiterated a Buy rating on SLB and raised the price target to $66, up from the consensus $64.

Expected impact

likely upward pressure as investors price in the higher target

Evidence & confidence

The new $66 target signals Jefferies' optimism, which can attract buying interest.

Market effects

Sector

Energy services sector may see modest uplift as a major analyst raises target on its leading player.

Regional

U.S. markets could see slight positive bias in energy stocks.

Global

Limited to investors tracking Schlumberger and related energy service firms.

Counterpoint

What could challenge this read

The price target increase may be modest given recent earnings miss, so upside could be limited.

Key entities

  • Company
    Schlumberger

    Global oilfield services provider (ticker SLB).

  • Research Firm
    Jefferies

    Investment bank providing the analyst rating and price target.

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