Halliburton (HAL) PT Lowered to $46 at Jefferies

Jefferies analyst Lloyd Byrne lowered the price target on Halliburton (NYSE: HAL) to $46.00 (from $47.00) while maintaining a Buy rating.

The analyst comments "We expect HAL to post in-line 3Q24 with revenue/EBITDA/EPS of ~$5.84bn/$1.27bn/$0.76 and reiterate FY. Market focus on ’25 trajectory, which HAL is expected to provide on the call. We’ve tempered our '25 estimates and model 7% y/y growth in int'l revenue (vs +9% previously) with flat NAM revenue (vs +1% previously). Revising HAL’s PT to $46."

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