Stifel analyst Stephen Gengaro raised the firm’s price target on Halliburton (HAL) to $32 from $27 and keeps a Buy rating on the shares after the company delivered stronger-than-expected Q3 EBITDA, guided Q4 EBITDA 9%-10% above the firm’s pre-release forecast, and announced a strategic collaboration with VoltaGrid. The strength in Q3 C&P margins and Q4 margin guidance lead the firm to raise its 2026 EBITDA estimate by 7.4%, the analyst tells investors.
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