Jefferies raised the firm’s price target on Halliburton (HAL) to $47 from $39 and keeps a Buy rating on the shares. The firm says the company’s Q1 earnings call supported a positive oilfield services setup ant its strong positioning. Energy security is now a “structural tailwind” while frac capacity is tightening, the analyst tells investors in a research note. Jefferies upped Halliburton’s estimates through 2028.
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