Halliburton price target raised to $37 from $29 at Barclays

Barclays analyst J. David Anderson raised the firm’s price target on Halliburton (HAL) to $37 from $29 and keeps an Equal Weight rating on the shares. The company reported a modest Q1 EBITDA beat and guided Q2 4% above consensus despite Middle East disruptions, the analyst tells investors in a research note. The firm says management’s “very bullish tone stood out” as a structurally tighter oil market, energy security, and North America activity is showing signs of rebounding.