Jefferies Assumes Coverage on Halliburton (HAL) at Buy/Top Pick

Jefferies assumes coverage on Halliburton (NYSE: HAL) with a Buy/Top Pick. PT $47.00.

"HAL has forged strong growth prospects in deepwater by improving a broader set of capabilities over the last few years and it has developed and acquired a platform on the Production side of the business that we think also offers strong growth prospects. At the same time, we continue to believe it is the low cost leader in U.S. services, which should help it retain a premium margin over peers over the medium term."

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 $35.35 yesterday.

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