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3. Schlumberger Limited (NYSE:SLB) has elevated 1.62% as of 12:10 PM ET after the Houston, Texas-based oilfield equipment and services company was upgraded from a Hold to a Buy rating by Abhishek Kumar at HSBC. The analyst also increased the target price from $40.60 to $44.20. The target price reflects a potential upside of 11.78% from the previous closing price. Kumar thinks that Schlumberger Limited (NYSE:SLB) is in a strong position to improve its margins through price increases. Furthermore, the analyst thinks that Schlumberger Limited (NYSE:SLB) would see its earnings improve, which would result in a higher generation of free cash flows and enhance shareholder return in the form of dividends and share buyback.

As of Q4 2021, Schlumberger Limited (NYSE:SLB) was held by 47 hedge funds.