Susquehanna analyst Charles Minervino raised the firm’s price target on Halliburton (HAL) to $40 from $36 and keeps a Positive rating on the shares. The firm updated its model following Q4 results due to our revised estimates and a slightly increased valuation multiple. The firm said its results were considerably better than expected, with the Completion & Production (C&P) segment being the standout in the quarter.
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