Halliburton (HAL) Tops Q2 EPS by 3c
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July 21, 2021 9:57 AM EDT
Goldman Sachs analyst Neil Mehta upgraded shares of Halliburton (NYSE: HAL) to Buy from Neutral as he believes the company has entered a new, positive, phase after a few challenging years.
The analyst notes that HAL has underperformed the Energy Select Sector SPDR Fund (XLE) by 27% over the past five weeks. However, the tide may be changing given the stronger than expected margin outlook through 2023, accelerated deleveraging prospects, and the potential for improving capital return to shareholders through an upsized... More
July 20, 2021 6:03 PM EDT
Stifel analyst Stephen Gengaro raised the price target on Halliburton (NYSE: HAL) to $28.00 (from $26.00) while maintaining a Buy rating following strong earnings.
The analyst commented, "HAL kicked off earnings season with better-than-expected 2Q21 results highlighted by strong operating margins. The margin... More
