Market Overview

UPDATE: Dahlman Rose Reiterates Buy Rating, Raises PT on Halliburton Company

Share:
Related HAL
Citi Research Sees Little Upside To FMC Technologies-Technip Merger
Bush 2.0 Is Back To Rescue Embattled GOP Senators
More Companies Cutting Jobs (Seeking Alpha)

In a report published Monday, Dahlman Rose reiterated its Buy rating on Halliburton Company (NYSE: HAL), and raised its price target from $47.00 to $50.00.

Dahlman Rose noted, “Halliburton stock has had for several months one of the largest upsides of any of the 50 stocks in our oil service and drilling research team coverage. It has been one of our strongest Buy recommendations -- all it needed was a catalyst. That catalyst came with a meaningful beat to fourth quarter earnings, the statement that North American earnings have bottomed, and the prospect that international earnings will account for an increasing percentage of earnings. We are increasing our 2013 EPS estimate to $3.15 and increasing our price target to $50 per share from $47 (16x estimated 2013 earnings).”

Halliburton Company closed on Friday at $39.72.

Latest Ratings for HAL

DateFirmActionFromTo
May 2016Griffen SecuritiesUpgradesBuy
May 2016Argus ResearchMaintainsBuy
May 2016FBR CapitalUpgradesMarket PerformOutperform

View More Analyst Ratings for HAL
View the Latest Analyst Ratings

Posted-In: Dahlman RoseAnalyst Color Price Target Analyst Ratings

 

Related Articles (HAL)

View Comments and Join the Discussion!