Jefferies analyst Lloyd Byrne maintains $Halliburton (HAL.US)$ with a buy rating, and adjusts the target price from $43 to $41.
According to TipRanks data, the analyst has a success rate of 53.1% and a total average return of 21.1% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Halliburton (HAL.US)$'s main analysts recently are as follows:
The firm reduced estimates for Halliburton to align with a deceleration of global upstream spending patterns observed in both its North America and international markets. For Q4, it is anticipated that the company's results will align with the lower end of its guidance, driven by a more pronounced seasonal slowdown in North America's activity. This is occurring alongside widespread industry efficiency gains and notable well construction challenges in Mexico and Saudi Arabia.
Large cap oilfield services companies are approaching 2025 with ongoing concerns surrounding global activity growth. Analysts highlight key themes such as international growth, North American market activity, the sustainability of margins, shareholder returns, and business diversification as critical areas to monitor.
Note:
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