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Fly News Breaks for September 18, 2018
HAL
Sep 18, 2018 | 16:38 EDT
Morgan Stanley analyst Connor Lynagh initiated Halliburton with an Overweight rating and a price target of $50 as part of his broader research note on Oil Services Drilling/Equipment industry. He believes that the company's valuation is "compelling" after its recent profit warning and expects the market to soon begin to look for a bottom while anticipating upside scenarios. Lynaugh adds that the market concerns around pricing pressure in the North America markets have been reflected in the Halliburton valuation.
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