Halliburton (HAL) PT Lowered to $47 at TD Cowen

TD Cowen analyst Marc Bianchi lowered the price target on Halliburton (NYSE: HAL) to $47.00 (from $48.00) while maintaining a Buy rating.

The analyst comments "HAL was down over 5% on an up day for LC OFS after an in-line 2Q but C&P margin miss and 3Q guide that was slightly below consensus. We think investors were looking for more leverage to an improving NAM OFS market, which may still show up in 2H. Somewhat offsetting, ex Middle East growth was very strong in 2Q and HAL's collection of Int'l contract wins should support 2H26 and '27 growth."

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