Halliburton’s $42 Price Target From BMO Signals More Runway After a Monster 2026

Quick Read Halliburton (HAL) generated $1.5B in Middle East Q4 revenue (up 3% sequentially) and $3.5B in international revenue (up 7% sequentially) with double-digit growth in Europe, Africa, and CIS, supported by multi-year contracts with Petrobras, ConocoPhillips, and Shell Nigeria; BMO raised its price target to $42 from $39, implying upside to the current $38.11. WTI stabilizing in the $60-$64 range positions Halliburton for a North America recovery while the company’s $100M quarterly restructuring ...