Jefferies Raises Estimates on Halliburton (HAL)
Jefferies reported on Monday that it has raised its estimates on Halliburton Company (HAL).
The firm has raised its price target on “Buy”-rated HAL to $58. This new price target suggests a 15% increase from the stock’s current price of $49.06.
Analysts have also raised estimates on the company to reflect a favorable market environment.
Halliburton shares were mostly flat during pre-market trading Monday. The stock is up 41% YTD.
The Bottom Line
Shares of Halliburton Company (HAL) have a 1.02% yield based on Friday’s closing price of $49.06.
Halliburton Company (HAL) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars.
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