HSBC Upgrades Schlumberger To Overweight

Analysts at HSBC upgraded Schlumberger NV

from “neutral” to “overweight.” The target price for Schlumberger has been raised from $105 to $135. Schlumberger shares have surged 52.53% over the past 52 weeks, while the S&P 500 index has gained 18.85% in the same period. Schlumberger's shares fell 0.58% to close at $116.75 yesterday.