Schlumberger price target raised to $135 from $119 at Jefferies Jefferies raised its price target for Schlumberger shares to $135 citing the company's margin guidance at its analyst event. The firm also raised its 2016 earnings estimates and reiterates a Buy rating on the stock.
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.