Stifel Maintains Buy on Halliburton, Lowers Price Target to $48
Portfolio Pulse from richadhand@benzinga.com
Stifel analyst Stephen Gengaro has maintained a 'Buy' rating on Halliburton (NYSE:HAL) but lowered the price target from $49 to $48.
July 12, 2023 | 2:50 pm
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Halliburton's price target has been lowered from $49 to $48 by Stifel, though the 'Buy' rating is maintained.
While the lowering of the price target might be seen as a negative signal, the maintenance of the 'Buy' rating indicates that the analyst still sees potential in the stock. This could lead to a neutral short-term impact on the stock price.
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