Major Banks Ratings | Wolfe: Bullish on Schlumberger and Baker Hughes, oilfield services to enter a selective capital cycle
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Glonghui, July 9 — Wolfe Research has initiated coverage ratings on three major oilfield services companies. Analyst Carlos Escalante assigned “Outperform” ratings to Schlumberger and Baker Hughes, with target prices of $62 and $70 respectively. Halliburton received a “Peer Perform” rating. According to the analyst, the industry is currently experiencing a selective capital cycle that favors exposure to international business.
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