UBS ups its price target for Buy-rated Halliburton (HAL +0.5%) to $53 from $48 on higher 2014...

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

UBS ups its price target for Buy-rated Halliburton (HAL +0.5%) to $53 from $48 on higher 2014 EPS estimates but thinks the stock will continue to tread water until as late as H2 2013. The firm says Q1 North American pricing is soft but should stabilize in Q2 and into H2, as price declines have not been widespread and are not escalating; frac pricing has generally stabilized for term contracts.