Oilfield services giant Halliburton Company (HAL) saw its rating and price target upgraded on Tuesday by analysts at Barclays Capital.
The firm boosted its rating on HAL to “Overweight” from “Equal Weight,” noting that better pricing and increased pressure pumping utilization should help bolster earnings results. Barclays also raised its price target to $35 from $28. That new target would represent a 36% upside from HAL’s Friday closing price of $25.74.(via Dividend.com Staff)
