Halliburton At A Disadvantage, Analyst Says: Schlumberger And Baker Hughes 'In Better Position'
HALHalliburton(HAL) Benzinga·2024-09-14 00:16

Earlier this month, Halliburton Company 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 44to44 to 37.The Halliburton Thesis: While the company's revenue growth outpaced large cap OFS peers from 202 ...