Wells Fargo Maintains Overweight on Halliburton, Lowers Price Target to $49
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Roger Read has maintained an Overweight rating on Halliburton (NYSE:HAL) but has lowered the price target from $50 to $49.
April 29, 2024 | 6:14 pm
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Wells Fargo maintains an Overweight rating on Halliburton but lowers the price target from $50 to $49.
The adjustment in price target by Wells Fargo reflects a slight change in valuation expectation for Halliburton, though the Overweight rating indicates continued confidence in the company's performance. This could lead to mixed reactions in the short term, as the market digests the minor adjustment in price target against the backdrop of sustained analyst confidence.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100