Mega deals morph into mega problems for Wall Street

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KLR Group Raises Price Target on Halliburton (HAL) After Adjusting Estimates ex. BHI

April 11, 2016 7:07 AM EDT

KLR Group reiterated a Buy rating on Halliburton (NYSE: HAL), and raised the price target to $52.00 (from $48.00), after removing BHI from the company's estimates. KLR raised 2016 and 2017 EPS to $0.22 and $1.35, reversing conservative assumptions of dilution.

Analyst Darren Gacicia commented, "We are no longer consolidating BHI... More