Morgan Stanley Sees Halliburton Company Shares as Crowded

In a report published Monday, Morgan Stanley analyst Ole Slorer reiterated an Underweight rating and $63.00 price target on

. In the report, Morgan Stanley noted, “While we acknowledge operational capabilities of HAL's management team and HAL's structural NAm execution advantages as we enter the ‘delivery phase' of the somewhat hyped NAm land cycle, we view the shares as crowded and due some relative consolidation.” Halliburton Company closed on Friday at $62.86.