Halliburton (HAL) Tops Q2 EPS by 5c

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FBR Capital Raises Price Target on Halliburton (HAL) to $53 Following Strong 2Q

July 21, 2016 6:52 AM EDT

FBR Capital reiterated an Outperform rating on Halliburton (NYSE: HAL), and raised the price target to $53.00 (from $49.00), following the company's 2Q earnings report. HAL posted an EPS of ($0.14), beating consensus estimates of ($0.19) on higher EBIT and lower taxes.

Analyst Thomas Curran commented, "Despite... More