UPDATE: Citigroup Raises PT to $46 on Halliburton on Strong Quarter
Citigroup maintained Halliburton Company (NYSE: HAL) with a Buy rating and raised the price target from $42.00 to $46.00.
Citigroup commented, "We think the stage is set for strong relative performance by Halliburton in 2013 based on the outlook for international revenue growth and margin expansion coupled with a rebound in North American margins as the year progresses. HAL remains our top large-cap diversified services pick and we boost our price target to $46 from $42. Our EPS estimates for 2013-15 are well above the current consensus."
Halliburton closed at $39.72 on Tuesday.
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