Stifel lowered the firm’s price target on Halliburton (HAL) to $32 from $37 and keeps a Buy rating on the shares following slightly weaker-than-expected Q1 results and “lackluster” Q2 guidance. While “not completely unexpected,” the firm is taking a more cautious approach to forecasts due to the uncertainty created by tariffs and OPEC+ and reducing its 2025-26 EBITDA estimates.
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