HSBC Maintains Buy on Halliburton, Lowers Price Target to $50
Portfolio Pulse from Benzinga Newsdesk
HSBC analyst Abhishek Kumar maintains a Buy rating on Halliburton (NYSE:HAL) but lowers the price target from $57 to $50.
July 21, 2023 | 10:45 am
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HSBC maintains a Buy rating on Halliburton but lowers the price target from $57 to $50.
The news is directly related to Halliburton and is likely to influence investor sentiment. While the Buy rating is maintained, the lowered price target may indicate a potential decrease in the stock's value in the short term. However, the impact is not necessarily negative as the Buy rating suggests that the stock is still expected to perform well.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100