Halliburton price target raised to $35 from $32 at Stifel

Stifel raised the firm’s price target on Halliburton (HAL) to $35 from $32 and keeps a Buy rating on the shares. Since the firm published its 2026 energy outlook note, there have been two major developments in the oil service world – the U.S. captured Venezuelan President Nicolas Maduro and appear primed to drive investment in Venezuela and oil service stocks have rallied – the analyst noted. While timing remains unclear, SLB (SLB) and Halliburton appear best positioned to benefit from investment in Venezuela, the analyst tells investors.