Halliburton (HAL) PT Lowered to $46 at Jefferies
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Get Alerts HAL Hot Sheet
Price: $33.19 --0%
Rating Summary:
35 Buy, 16 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 7 | Down: 9 | New: 12
Rating Summary:
35 Buy, 16 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 7 | Down: 9 | New: 12
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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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