Jefferies Raises SLB (SLB) PT to $58 on Attractive Valuation, Market Upside

SLB (NYSE:SLB) is one of the best large cap stocks to buy under $50. On February 1, Jefferies increased its price target for SLB from $51 to $58, while maintaining a Buy rating. The firm credits the stock’s recent gains to a valuation catch-up and notes that its current valuation remains attractive. Additionally, Jefferies anticipates further upside as the business cycle potentially improves. In other news, on January 28, SLB secured two five-year contracts from Petroleum Development Oman/PDO to provide ...