Halliburton maintained at Conviction Buy, target raised at Goldman

|About: Halliburton Company (HAL)|By:, SA News Editor

Halliburton (HAL +1.3%) is maintained at Conviction List Buy with a raised target price of $63 from $60 at Goldman Sachs after HAL's Dutch tender.

HAL has differentiated itself through its superior logistics operation and is a primary beneficiary of the deepwater activity pickup globally, the firm says, adding that high free cash flow supports further potential shareholder friendly capital allocation decisions next year.