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Credit Suisse Sticks to Its Buy Rating for Halliburton (HAL)

Credit Suisse analyst Jens Zimmermann maintained a Buy rating on Halliburton (HALResearch Report) yesterday and set a price target of $36.00. The company’s shares closed last Thursday at $30.83, close to its 52-week high of $31.58.

Zimmermann has an average return of 50.5% when recommending Halliburton.

According to TipRanks.com, Zimmermann is ranked #1971 out of 7757 analysts.

Currently, the analyst consensus on Halliburton is a Strong Buy with an average price target of $32.50, which is a 4.0% upside from current levels. In a report issued on January 25, Susquehanna also maintained a Buy rating on the stock with a $33.00 price target.

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The company has a one-year high of $31.58 and a one-year low of $17.23. Currently, Halliburton has an average volume of 9.73M.

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Halliburton Co. engages in the provision of services and products to the energy industry related to the exploration, development, and production of oil and natural gas. It operates through the following segments: Completion and Production, and Drilling and Evaluation. The Completion and Production segment delivers cementing, stimulation, intervention, pressure control, specialty chemicals, artificial lift, and completion services. The Drilling and Evaluation segment provides field and reservoir modeling, drilling, evaluation, and wellbore placement solutions that enable customers to model, measure, and optimize their well construction activities. The company was founded by Erle P. Halliburton in 1919 and is headquartered in Houston, TX.

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