HSBC upgraded Halliburton (HAL) to Buy from Hold with a price target of $30, up from $23, following the Q3 report. The company’s Q3 margin performance was “impressive” and its 20% stake in VoltaGrid may be underappreciated, the analyst tells investors in a research note. The firm views Halliburton as a “unique play on data centers” and thinks the stock deserves a higher multiple.
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