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Halliburton's (HAL +1.4%) solid Q4 results and 2013 outlook prompt at least three analysts to...
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Monday, January 28, 11:33 AM ETHalliburton's (HAL +1.4%) solid Q4 results and 2013 outlook prompt at least three analysts to raise their price targets for the stock. Argus lifts its target to $48 from $43, expecting HAL's raw material cost pressures to ease before the end of Q1. Strong guidance supports Jefferies' view that the international cyclical story is not broken but actually gaining momentum.
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This news story has 2 comments:
" breaking out ", for more than a year. It all sounds familiar because that was what the
" experts " were saying when I bought in to their touting when HAL was at $42.65. Of course, it immediately dropped to the low 30's and has struggled to come back. I'll be happy to break even on HAL and avoid it from now on.
Good company though, you can always buy back in on the proverbial HAL-dip/dump.
Good luck to you.