RBC Capital Upgrades Halliburton (HAL) to Outperform

RBC Capital analyst Keith Mackey upgraded Halliburton (NYSE: HAL) from Sector Perform to Outperform with a price target of $31.00 (from $26.00).

The analyst comments "After strong 3Q25 results, we are upgrading HAL shares to Outperform with a $31 PT ($26 prior). We now believe our Sector Perform thesis has played out as 1) Estimates have reset significantly lower in the past year, 2) HAL's returns-focused management leads to improving capital efficiency, 3) HAL's active role in potential international power generation projects could provide catalysts in the quarters ahead. We increase our 2025/26/27 adj. EBITDA estimates by 5%/5%."

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 $26.55 yesterday.

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