Barclays analyst J. David Anderson lowered the firm’s price target on Halliburton (HAL) to $43 from $47 and keeps an Overweight rating on the shares. Although the North America slowdown was less than feared, the company’s Q4 EBITDA was guided 8% below consensus and 2025 revised lower on a weaker international outlook, the analyst tells investors in a research note. The firm says investors are struggling to find catalysts for the sector in a weakening cycle.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on HAL:
- Halliburton Reports Third Quarter 2024 Financial Results
- Halliburton Q3 2024 Financial Results Amid Challenges
- Halliburton reports Q3 adjusted EPS 73c, consensus 75c
- Unusually active option classes on open November 6th
- HAL Earnings Report this Week: Is It a Buy, Ahead of Earnings?
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
