By Stephen Nakrosis
Shares of oil field services company Schlumberger Ltd. (SLB) are rising in Monday's New York Stock Exchange trading session, as the company and its peers see a boost following a series of drone attacks against oil infrastructure in Saudi Arabia.
At 11:54 a.m. ET, the company's shares were 4.63% higher, trading at $39.05. Volume was just over 9.8 million shares, approaching the 65-day average of some 10.4 million.
Before the bell Monday, Barclays said it was raising its recommendation on the stock from equal-weight to overweight, and pushing its price target higher, to $50 per share from $45.
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