Halliburton price target lowered to $32 from $33 at Jefferies

Jefferies analyst Lloyd Byrne lowered the firm’s price target on Halliburton (HAL) to $32 from $33 and keeps a Buy rating on the shares. The firm expects an in-line Q2 report from Halliburton. It thinks investor focus will remain on second half of 2025 revenue and margin expectations, tariff impacts, and commentary on global activity going into 2026.