Halliburton (HAL) Tops Q4 EPS by 7c
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January 26, 2016 9:45 AM EST
Oppenheimer maintained an Outperform rating on Halliburton (NYSE: HAL), and cut the price target to $40.00 (from $48.00), following the company's 4Q earnings report. Management reiterated several times that 2016 will be a tough slog. Oppenheimer expects 2016 to mark the trough of the cycle. It is still unclear when a... More
January 26, 2016 8:54 AM EST
UBS maintained a Buy rating on Halliburton (NYSE: HAL), and cut the price target to $45.00 (from $48.00), following the company's 4Q earnings report. HAL Reported 4Q EPS of $0.31 vs. consensus of $0.24. On the much discussed merger with BHI, UBS remains constructive on HAL with or without the merger taking place. If the merger does not go through the $3.5 bil payout would equate to... More
January 22, 2016 3:31 PM EST
By Chuck Mikolajczak
NEW YORK (Reuters) - Investors hoping equities can sustain their recent bounce next week will carefully watch the U.S. Federal Reserve's mid-week policy meeting for signs the central bank may slow the path of interest rate hikes.
The S&P 500 has already fallen as much as 9 percent this year, with stocks battered by concerns over China's slowing economy, plunging oil prices and Fed Vice Chairman Stanley Fischer's comments that he expected about four rate hikes this year.
But investors expect the Fed may soften its tone on interest rates when it... More
