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Fly News Breaks for July 23, 2019
HAL
Jul 23, 2019 | 07:49 EDT
Stephens analyst Tommy Moll lowered his price target on Halliburton shares to $35 from $45 to acknowledge compressed multiples across the oil field services space, though he does believe the stock can now begin to recover from 10-year lows following the company's decision to adapt its North American strategy with a goal of stabilizing margins by continuing to stack equipment, reducing overhead, and optimizing the supply chain. Moll keeps an Overweight rating on Halliburton shares.