UBS Maintains a 'Buy' on Halliburton (HAL); Raising FY13 Estimates

UBS maintains a 'Buy' on Halliburton (NYSE: HAL) price target of $45.00.

Analyst, Angie Sedita, raises FY13 estimates, citing international and N. American business.

HAL's CEO, said, "Consolidated revenue for the second quarter was up over 5% sequentially. The international rig count was up 3% during the quarter, compared to a 15% increase for our international revenues. North America rig count decreased 17%, while our North America revenues were essentially flat compared to the first quarter. Key strategic market share gains in international operations, continued capacity additions, and strong utilization contributed to this outperformance."

For an analyst ratings summary and ratings history on Halliburton click here. For more ratings news on Halliburton click here.

Shares of Halliburton closed at $31.51 yesterday.

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