Halliburton price target lowered to $28 from $34 at Morgan Stanley

Morgan Stanley lowered the firm’s price target on Halliburton (HAL) to $28 from $34 and keeps an Overweight rating on the shares. Halliburton reported early and while its outlook was cautious, the firm felt commentary degraded alongside the macro backdrop throughout Q1, says the analyst, who lowered estimates for 2025 and 2026 revenues by 2% and 5%, and EPS by 9% and 13%, respectively, in light of updates and factoring the prevailing macro outlook.