Susquehanna lowered the firm’s price target on Halliburton (HAL) to $30 from $32 and keeps a Positive rating on the shares. The firm updated its model following Q1 results and while the oilfield services environment appears challenged in the near-term, they believe Halliburton’s execution, product diversity, solid global presence, and free cash flow generation still position the company quite well within the sector.
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