Jefferies Raises Estimates on Halliburton (HAL)

Jefferies Raises Estimates on Halliburton (HAL)

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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.

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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