Halliburton's price target lifted to Street-high $84 at Deutsche Bank

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

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.