UPDATE: Raymond James Upgrades Halliburton on Continued Optimism
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
|Dec 2016||Bernstein||Initiates Coverage On||Outperform|
|Oct 2016||Cowen & Co.||Maintains||Market Perform|
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.