NEW YORK (TheStreet) -- Schlumberger (SLB) shares are up 1.7% to $115.77 on Thursday to continue yesterday's rally after RW Baird upped the company's price target to $130 from $117.
The firm maintained its "outperform" rating on the stock and cited stable operations and growth in the Asian markets as a reason for the improved outlook.
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TheStreet Ratings team rates SCHLUMBERGER LTD as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate SCHLUMBERGER LTD (SLB) a BUY. This is driven by a few notable strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, impressive record of earnings per share growth and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins."