Jefferies Raises Estimates on Halliburton (HAL)

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 DARS™ Rating of 3.3 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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