UPDATE: Cowen and Company Reiterates Outperform Rating, Raises PT on Halliburton Company Following Analyst Day

In a report published Thursday, Cowen and Company analyst James Crandell reiterated an Outperform rating on

, and raised the price target from $75.00 to $82.00. In the report, Cowen and Company noted, “We were most impressed with Halliburton's Analyst Day. We are maintaining our 2013 and 2014 EPS estimates of $3.15 and $4.20 but raising our 2015 estimate to $5.50 from $5.25. Our price target is being raised to $82 from $75 based on the stock selling at a 20% premium to the market on 2015 earnings versus our former assumption of a 15% premium.” Halliburton Company closed on Wednesday at $54.40.