Goldman Sachs Downgrades Halliburton (HAL) to Neutral
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Goldman Sachs downgrades Halliburton Company (NYSE: HAL) from Buy to Neutral, citing product risks and valuation.
The firm said Halliburton is very levered to pressure pumping, which has been one of the weakest performing segments in past down cycles.
Halliburton Company provides various products and services to the energy industry for the exploration, development, and production of oil and gas properties worldwide.
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