Halliburton price target lowered to $54 from $55 at Barclays

Barclays analyst J. David Anderson lowered the firm’s price target on Halliburton to $54 from $55 and keeps an Overweight rating on the shares following the Q4 report. Resilient margins in a soft U.S. onshore market is further evidence this cycle is different, a function of pricing, capital discipline, and the differentiated technology of eFrac, the analyst tells investors in a research note.