Wells Fargo Maintains Overweight on Halliburton, Lowers Price Target to $39
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Roger Read maintains an Overweight rating on Halliburton but lowers the price target from $46 to $39.
September 25, 2024 | 4:31 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Wells Fargo's analyst Roger Read continues to rate Halliburton as Overweight but reduces the price target from $46 to $39, indicating a more cautious outlook.
The reduction in the price target from $46 to $39 suggests a less optimistic view on Halliburton's short-term performance, which could lead to a negative impact on the stock price. However, the maintained Overweight rating indicates continued confidence in the company's long-term potential.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100