SLB price target raised to $54 from $51 at RBC Capital
RBC Capital analyst Keith Mackey raised the firm’s price target on SLB (SLB) to $54 from $51 and keeps an Outperform rating on the shares. The company delivered Q4 results slightly ahead of the Street expectations and guidance for 2026 was in-line with consensus but slightly weighted toward the second half as SLB sees modest upstream improvement driven by Latin America and Middle East/Asia, the analyst tells investors in a research note. RBC adds that it continues to see solid long-term value in SLB at these levels driven by its strong free cash flow generation and EV/EBITDA valuation.
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