Halliburton price target raised to $29 from $27 at Susquehanna

Susquehanna raised the firm’s price target on Halliburton (HAL) to $29 from $27 and keeps a Positive rating on the shares. The firm updated its model following its Q3 results which showed solid execution in a challenging environment. Revenues were better than expected and noted the company has taken steps to deliver savings of $100mn per quarter, while also setting its 2026 capital budget 30% lower compared to 2025, which should be a strong tailwind for cash flow.