Jefferies Reiterates “BUY” Rating on Halliburton – Lowers Price Target

On Wednesday, November 19, 2014, Jefferies reiterated their “BUY” rating on Halliburton but lowered their price target from $74 to $67.  Even though the price target was lowered, it sill represents over a potential 30% upside potential in the stock that was trading around the $48 range today.

Shares of Halliburton Company (NYSE:HAL) opened at 48.54 on Wednesday. Halliburton Company has a 52 week low of $47.60 and a 52 week high of $74.33. The stock’s 50-day moving average is $54.85 and its 200-day moving average is $64.2.

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