Halliburton At A Disadvantage, Analyst Says: Schlumberger And Baker Hughes ‘In Better Position’
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Earlier this month, Halliburton Company (NYSE:HAL) said that a cyberattack had disrupted its critical business applications.
A lower overall revenue diversification puts the company at a disadvantage against the backdrop of a tepid commodity macro, according to RBC Capital Markets.
Analyst Keith Mackey downgraded the rating for Halliburton from Outperform to Sector Perform, while slashing the price target from $44 to $37.
The Halliburton Thesis: While the company’s revenue growth outpaced large cap OFS peers from 2021 to 2023, its revenues could lag by around 5% from …
Full story available on Benzinga.com
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