Barclays lowered the firm’s price target on Halliburton (HAL) to $20 from $22 and keeps an Equal Weight rating on the shares. The firm sees low expectations for the U.S. energy services group heading into the Q3 report. A recent visit to Houston showed service companies are confident that U.S. and international markets have bottomed, but there is visibility on activity and spending growth until at least mid-2026, the analyst tells investors in a research note.
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