- More positive commentary on Halliburton (HAL +1.2%), as Deutsche Bank maintains its Buy rating and raises its price target to a Street-high $84 from $55; the firm believes transitory items highlighted in Q3 results masked an otherwise solid outlook (earlier).
- While the flooding in Colorado and slower than expected activity in Mexico and Brazil has impacted 2013, the firm says those factors should abate.
- With North America activity levels poised to improve and eastern hemisphere margins inflecting to the upside, the firm continues to believe HAL remains among the best positioned energy companies.