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Fly News Breaks for August 15, 2016
HAL
Aug 15, 2016 | 09:18 EDT
Cleveland Research said recovery in activity has been limited to this point as commodity price volatility has limited appetite for operators to deploy capital in North America. Q3 ricing remains under modest pressure despite Halliburton's focus on price recovery and margins likely remain negative through year end, the firm's analyst wrote. Cleveland's Q3 work points to a softer than expected recovery following activity levels bottoming in late 2Q and expects EBIT slightly below the mean for the quarter.
News For HAL From the Last 2 Days
HAL
Apr 30, 2024 | 16:16 EDT
Jefferies raised the firm's price target on Halliburton to $50 from $49 and keeps a Buy rating on the shares. The analyst revised fiscal 2025 and 2026 modestly higher post the Q1 report. The firm believes Halliburton should be able to hit 2024 market expectations and is poised for growth in 2025.
HAL
Apr 29, 2024 | 06:37 EDT
Wells Fargo lowered the firm's price target on Halliburton to $49 from $50 and keeps an Overweight rating on the shares. The ongoing down cycle macro disfavors OFS as productivity and efficiency gains restrain investment and activity, the firm says. NAM natural gas remains the most likely near-term accelerator, Wells adds.
