- Schlumberger (SLB +1%) continues to tally new 52-week highs, two days after following a widely praised performance at its 2014 investor conference.
- Argus raises its SLB target price to $150 from $121 after coming away from the meeting impressed and believing management's assumptions and targets are conservative and very achievable; the firm likes SLB's innovative technologies that will improve efficiency and help retain the company's premium service and product offering in the market (Briefing.com).
- In lifting its price target to $137 from $120 and raising earnings estimates, Credit Suisse notes the "humility of the presentation... by a company considered to be the best in the industry on many metrics, including management, implies a very different and open approach by the company."