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UPDATE: Raymond James Upgrades Halliburton on Continued Optimism

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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
May 2015JP MorganInitiates Coverage onOverweight
Apr 2015JefferiesMaintainsBuy
Apr 2015CitigroupMaintainsBuy

View More Analyst Ratings for HAL
View the Latest Analyst Ratings

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

 

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