Wells Fargo Adjusts Halliburton Price Target

1 min read | September 25, 2024 11:34 AM PDT | By Team Kalkine Media

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Wells Fargo Adjusts Halliburton Price Target — Image source: Shutterstock

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Wells Fargo analysts have reduced Halliburton's price target from $46.00 to $39.00, indicating a possible upside of nearly 34%.

Other firms, including Evercore ISI and Susquehanna, have also adjusted their price targets, reflecting a cautious outlook on Halliburton.

Market consensus shows that Halliburton is viewed positively by analysts, with an average target price of $42.56.

Halliburton (NYSE:HAL) experienced a price target adjustment by analysts at Wells Fargo & Company. This adjustment suggests a potential upside from the stock's previous closing price. Despite the revision, Wells Fargo maintains a favorable outlook on the oilfield services company's stock, currently holding an overweight rating.

Overall, Halliburton has received varied evaluations from analysts, with three ratings indicating a hold position, sixteen recommending a favorable outlook, and one issuing a strong endorsement. According to MarketBeat.com data, Halliburton holds a consensus rating categorized as Moderate Buy, with an average target price of $41.2, reinforcing a generally optimistic sentiment surrounding the company.

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