SLB (SLB) PT Raised to $66 at Argus

Argus analyst Bill Selesky raised the price target on SLB (NYSE: SLB) to $66.00 (from $58.00) while maintaining a Buy rating.

The analyst comments "In short, we continue to view SLB's business portfolio as more resilient than its peers, with higher upside sales and profit potential, based on its exposure to faster growing (and higher margin) offshore and international markets. In addition, we view the recent acquisition of ChampionX as a major strategic addition, as it adds both earnings and free cash flow durability (and longevity) to its current portfolio. Our rating remains BUY, and we are increasing our target price to $66 from $58, despite reducing our earnings estimates for 2026 and 2027."

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