Goldman Sachs Maintains Buy on Schlumberger (SLB)

Goldman Sachs is out with its report today on Schlumberger SLB, maintaining Buy. In a note to clients, Goldman Sachs writes, "We came away with confidence in our Buy rating and that SLB will maintain its leadership position in high tech markets such as deepwater. A newer aspect of SLB's growth strategy appears to be focused on lowertech but high-volume markets, given new products with lower price points and the recent reorganization towards more of a product/service line focus, which can be more effective in markets like US land. Maintaining premium margins will be the key challenge of this strategy, in our view, but SLB's large scale should prove to be an advantage." Goldman Sachs has a $100 PT on SLB. At the time of posting, shares of SLB were trading pre-market at $92.40, down 0.54% from Wednesday's close.