Rothschild & Co Redburn initiated coverage of Halliburton (HAL) with a Buy rating and $35 price target The says Halliburton is a leading provider of pressure pumping in North America that is well positioned to benefit from a recovery in the cycle. Rothschild sees limited further estimate downgrades in 2026 and anticipates Halliburton’s operating leverage to drive a “meaningful recovery” in EBITDA in 2027.
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