RBC Capital analyst Keith Mackey raised the firm’s price target on Halliburton (HAL) to $38 from $36 and keeps an Outperform rating on the shares. The company’s Q4 results were ahead of expectations on stronger C&P – Completion and Production – segment results, and its FY26 outlook is broadly in-line with consensus, the analyst tells investors in a research note. Growth from increased oil extraction in Venezuela remains a potential wild card, but RBC awaits more concrete details, the firm added.
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