Schlumberger
The price target has been reduced from $90 to $87. The EPS estimate for 4Q15 has been revised down from $0.70 to $0.61. The EPS estimates for 2016 and 2017 have been reduced from $2.95 to $2.45 and from $4.00 to $3.45, respectively.
“SLB continues to be one of our favorite names owing to its excellent track record navigating downturns and generating free cash,” Gengaro wrote.
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