Halliburton (HAL) PT Lowered to $32 at Freedom Broker

Freedom Broker analyst Sergey Pigarev lowered the price target on Halliburton (NYSE: HAL) to $32.00 (from $35.00) while maintaining a Buy rating.

The analyst comments "Low drilling activity continues to impact Halliburton’s (HAL) performance, with revenue declining year-over-year for the fourth consecutive quarter in the second quarter of 2025. We anticipate these negative trends to persist into the latter half of the year, and adjust our price target on HAL stock down from $35 to $32. Nevertheless, the company’s shares are appealing for long-term investment at current levels, and we maintain our “Buy” recommendation. During the quarter, HAL executed a $257 million buyback, reducing outstanding shares by 1% q/q. We expect this repurchase activity to persist in 2025, supported by the company’s robust cash reserves "

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