Deutsche Bank Lifts PT on Halliburton (HAL) to $58

Deutsche Bank raised its price target on Halliburton (NYSE: HAL) from $50 to $58, while maintaining a Buy rating.

The firm comments, "We maintain a BUY rating as HAL is among the best positioned to take advantage of rising capital intensity from the NOCs and IOCs as profitability improvement internationally, particularly in "emerging service" markets like the Middle East takes place. HAL also enjoys a market-leading position in high-end US plays and, as part of our new framework, is also exposed to high-margin deepwater/international plays which the company remains well positioned to benefit from the continued recovery."



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 $32.04 yesterday.

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