RBC Capital Maintains a Buy Rating on Schlumberger Limited (SLB) With a $48 PT

Schlumberger Limited (NYSE:SLB) is one of the 11 Best Strong Buy Stocks to Invest in Now. RBC Capital analyst Keith Mackey maintained a Buy rating on Schlumberger Limited (NYSE:SLB) on June 24, setting a price target of $48.00.

The analyst maintained an optimistic rating even after the company reported a 3% year-over-year drop in revenue to $8.49 billion, while GAAP EPS decreased 22% year-over-year to $0.58. However, cash flow from operations rose $333 million year-over-year to $660 million.

Schlumberger Limited (NYSE:SLB) provides energy technology and operates through the following business segments: Digital and Integration, Reservoir Performance, Well Construction, and Production Systems.

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