Wall Street Zen has downgraded Halliburton (NYSE:HAL) from a “strong-buy” to a “buy” rating. Despite the downgrade, several brokerages have increased their price targets for HAL, leading to a consensus “Moderate Buy” rating with an average target of $35.19. The company also surpassed Q4 earnings and revenue estimates, though insiders sold a significant number of shares.
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Halliburton (NYSE:HAL) Lowered to "Buy" Rating by Wall Street Zen
Wall Street Zen has downgraded Halliburton (NYSE:HAL) from a “strong-buy” to a “buy” rating. Despite the downgrade, several brokerages have increased their price targets for HAL, leading to a consensus “Moderate Buy” rating with an average target of $35.19. The company also surpassed Q4 earnings and revenue estimates, though insiders sold a significant number of shares.