SLB Poised For Long-Term Growth Amidst Middle Eastern Demand, Analyst Predicts

Susquehanna analyst Charles P. Minervino reiterated a Positive rating on Schlumberger N.V. (NYSE:SLB), raising the price target to $68 from $65.

The analyst is particularly bullish about long-term demand from the Middle East (a very compelling opportunity for SLB), with a record level of investment required to expand capacity in the region.