Goldman Sachs Maintains Buy on Halliburton, Lowers Price Target to $40
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Neil Mehta maintains a Buy rating on Halliburton but lowers the price target from $47 to $40.
August 29, 2024 | 1:59 pm
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Goldman Sachs has maintained its Buy rating on Halliburton but has reduced the price target from $47 to $40, indicating a more cautious outlook.
The maintenance of a Buy rating suggests continued confidence in Halliburton's prospects, but the lowered price target indicates a more cautious outlook, likely due to market conditions or company performance. This could lead to a short-term negative impact on the stock price as investors adjust expectations.
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IMPORTANCE 80
RELEVANCE 100