Jefferies raised the firm’s price target on Halliburton (HAL) to $39 from $32 and keeps a Buy rating on the shares. Shares have lagged large-cap oil field service peers year-to-date, which the firm believes is driven by its North American market exposure amid activity concerns. However, the firm sees earnings bottoming and views Halliburton as well positioned for earnings growth beyond 2026, the analyst tells investors.
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