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    Monday, November 23, 2009

    Credit Suisse Upgrades Schlumberger To Outperform

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    By Steve Gelsi
    MarketWatch Pulse
       

      NEW YORK (Marketwatch) -- Credit Suisse on Monday upgraded shares of Schlumberger to outperform from neutral and raised its target price on the oil services giant to $76 a share from $72 a share. Analysts said the company remains attractive compared to others in the group. Schlumberger may benefit from more favorable international and exploration spending through 2010 and cost savings efforts.

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