Schlumberger upgraded to Outperform from Neutral at Credit Suisse Credit Suisse upgraded Schumberger based on improved returns on capital following the positive earnings report. Price target raised to $108 from $105.
Schlumberger, Cameron say Justice Department clears proposed merger Schlumberger (SLB) and Cameron (CAM) jointly announced that the U.S. Department of Justice has cleared their proposed merger without any conditions, granting early termination of the waiting period required by the Hart-Scott-Rodino Act. The closing of the proposed merger remains subject to approval by Cameron stockholders, with a special shareholder meeting scheduled for December 17. Schlumberger and Cameron expect to close the merger in 1Q16.