Can Halliburton Company (HAL) Stock rise from its doldrums?

HSBC Securities raised the price target for the Halliburton Company (NYSE:HAL) stock from ‘a Hold’ to ‘a Buy’. The rating was released on April 27, 2023, according to finviz. We previously noted in another research note published on April 20, 2023 by Stephens that downgraded the stock from an Overweight to an Equal-weight with a price target of $40 for HAL stock. The research report from Susquehanna has reiterated the stock to Positive, with a price target set at $33. The stock was reiterated by Stephens, who disclosed in a research note on January 25, 2023, to Overweight and set the price objective to $38.