BMO Capital raised the firm’s price target on Halliburton (HAL) to $39 from $36 and keeps a Market Perform rating on the shares after its Q4 earnings beat. The firm is revising its estimates following the company’s strong Q4 results and incorporating the management’s Q1 and 2026 outlook, the analyst tells investors in a research note. North America activity has likely bottomed, though the firm expects year over-year international growth to resume in 2026, BMO added.
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