JP Morgan Initiates Schlumberger With Overweight

Analysts at JP Morgan initiated coverage on

with a Overweight rating. The target price for Schlumberger is set to $101. Schlumberger shares have dropped 12.72 percent over the past 52 weeks, while the S&P 500 index has surged 10.46 percent in the same period. Schlumberger shares rose 0.39 percent to $91.00 in pre-market trading.