Market Overview

UPDATE: Raymond James Upgrades Halliburton on Continued Optimism

Share:
Related HAL
Bernstein Initiates Coverage On 9 Oil Field Service Stocks
Benzinga's Top Initiations
Weatherford Succumbs To Halliburton's 'TWA Treatment'; Exits Fracking (Seeking Alpha)

In a report published Wednesday, Raymond James analyst J. Marshall Adkins upgraded the rating on Halliburton Company (NYSE: HAL) from Market Perform to Outperform, and named a $63.00 price target.

In the report, Raymond James noted, “Our continued optimism on 2014 North American E&P capex is a theme we've been consistently touting. As such, we're upgrading the premier North American service company, Halliburton, to Outperform with a target price of $63. Our optimism is fueled by 1) upward bias to consensus EPS via North American operations, 2) upcoming Analyst day, and 3) option value in international turnaround.”

Halliburton Company closed on Tuesday at $48.66.

Latest Ratings for HAL

DateFirmActionFromTo
Dec 2016BernsteinInitiates Coverage OnOutperform
Oct 2016NomuraMaintainsBuy
Oct 2016Cowen & Co.MaintainsMarket Perform

View More Analyst Ratings for HAL
View the Latest Analyst Ratings

Posted-In: J. Marshall Adkins Raymond JamesAnalyst Color Upgrades Analyst Ratings

 

Related Articles (HAL)

View Comments and Join the Discussion!