Halliburton Price Target Raised by BMO on Improved North America Outlook

BMO Capital raised its price target on Halliburton (NYSE: HAL) to $42 from $39, while maintaining a Market Perform rating, reflecting modestly improved earnings expectations. The firm said its updated forecasts resulted in minimal changes to first-quarter 2026 estimates despite ongoing geopolitical tensions in the Middle East related to the U.S.-Iran conflict. BMO noted that while uncertainty remains elevated, Halliburton’s business appears relatively insulated from the disruption so far. The firm also expe ...