Susquehanna lowered the firm’s price target on Halliburton to $49 from $51 and keeps a Positive rating on the shares. The firm said the company reported better than expected margins and robust FCF during the quarter. Susquehanna tempered their 2024 revenue growth expectation, with North America expected to be flattish versus their prior expectation of low-single-digit growth and they continue to expect double-digit growth internationally in 2024.
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Read More on HAL:
- Halliburton Company’s Quarterly Financial Results Disclosed
- Halliburton reports Q4 cash flow from operations $1.4B; free cash flow $1.1B
- Halliburton raises quarterly dividend to 17c from 16c per share
- Halliburton reports Q4 adjusted EPS 86c, consensus 80c
- Notable companies reporting before tomorrow’s open
