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."

You May Also Be Interested In

• Bernstein SocGen Group Upgrades Analog Devices (ADI) to Outperform
• Kingsoft Cloud (KC) PT Raised to $17.70 at Jefferies
• Baird Starts Covenant Logistics Group Inc. (CVLG) at Outperform