Halliburton price target raised to $42 from $39 at BMO Capital

BMO Capital raised the firm’s price target on Halliburton (HAL) to $42 from $39 and keeps a Market Perform rating on the shares. The Middle East conflict continues and uncertainty persists but to date Halliburton’s business appears somewhat insulated, the analyst tells investors in a research note. BMO adds it anticipates an improved North America outlook for the year, projecting industry spending that is higher year over year vs. the initial mid-single-digit base case.