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SocGen Cuts SLB N.V. (SLB) Price Target But Asserts ‘Outperform’ Rating
Yahoo Finance· 2025-10-19 07:46
Group 1 - SLB N.V. is considered one of the most profitable energy stocks currently available for investment, with an 'Outperform' rating from SocGen analyst Guillaume Delaby, although the price target has been reduced to $47.60 from $63 [1][2] - Concerns have been raised regarding the company's slow transition towards New Energies, which is viewed as a medium-term negative impacting stock sentiment and valuation [2] - SocGen has adjusted its long-term growth rate assumption for SLB from 3.5% to 2% due to revised expectations for the ChampionX consolidation, which will now be included for only 5 months in 2025 instead of 9 months [3] Group 2 - SLB N.V. operates as a global technology company providing services and technology for the energy industry, focusing on oil and gas production and recovery, as well as the transition to new energy sources [4]