Credit Suisse Bumps Halliburton Target Price (HAL)

Halliburton (NYSE: HAL), the energy services conglomerate, has become almost synonymous with what is wrong with corporate America, at least in some circles (those that are not particularly fond of the war in Iraq nor Dick Cheney). But on Wall Street, printing money can go a long way towards absolving your failings as a corporate citizen, hence Credit Suisse's (NYSE: CS) outperform rating on the stock. Today, Credit Suisse upped its target price on Halliburton from $36 to $38 to go along with its favorable rating on the company.

Halliburton is trading higher, probably on the back of CS's upward price target guidance, on the New York Stock Exchange today. The shares have increased 1.13% to $30.31 today and are up a very healthy 67.27% on the year.