Halliburton Lowers 2024 Outlook, Analysts Forecast 'More Muted' 2025
Portfolio Pulse from Priya Nigam
Halliburton Company (NYSE:HAL) reported its second-quarter results, leading to a decline in its stock price due to a lowered 2024 outlook and muted 2025 forecast. Analysts from RBC Capital Markets, Piper Sandler, and Benchmark have adjusted their ratings and price targets accordingly.
July 22, 2024 | 2:40 pm
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Halliburton's stock declined after the company reported its second-quarter results and lowered its 2024 outlook, with a more muted forecast for 2025. Analysts from RBC Capital Markets, Piper Sandler, and Benchmark adjusted their ratings and price targets.
Halliburton's stock price is likely to decline in the short term due to the lowered 2024 outlook and muted 2025 forecast. Analysts have adjusted their ratings and price targets, reflecting concerns about future growth.
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