Jefferies Starts Halliburton (HAL) at Buy
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Price: $34.78 +0.14%
Rating Summary:
34 Buy, 17 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 6 | Down: 12 | New: 26
Rating Summary:
34 Buy, 17 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 6 | Down: 12 | New: 26
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Jefferies initiates coverage on Halliburton (NYSE: HAL) with a Buy. PT $47.00.
The firm comments, "Although HAL has significant leverage to the NAM pressure pumping market, we believe the shares are oversold trading at a 35-40% discount to its 5-year average as well as its trading range in 2007. We also expect HAL to see meaningful revenue and margin growth in its international
segments in 2012 and 2013."
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 $32.77 yesterday.
The firm comments, "Although HAL has significant leverage to the NAM pressure pumping market, we believe the shares are oversold trading at a 35-40% discount to its 5-year average as well as its trading range in 2007. We also expect HAL to see meaningful revenue and margin growth in its international
segments in 2012 and 2013."
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 $32.77 yesterday.
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