SLB Crosses Above Average Analyst Target
November 24, 2020 at 08:48 AM EST
In recent trading, shares of Schlumberger Ltd (SLB) have crossed above the average analyst 12-month target price of $21.53, changing hands for $21.61/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level..