Goldman Sachs Reiterates “Buy” on Halliburton

Goldman Sachs GS is reiterating their “Buy” rating on Halliburton HAL today following its investor meeting. They said, “It is clear to us that HAL is stronger than ever—both on a relative and absolute basis.” Goldman analysts said that they expect shares to couple with the bullish fundamentals as information during Congressional hearings strongly suggests that HAL will not bear the liability of the recent Gulf Oil Spill. Halliburton’s price target is $43.00. The stock is currently trading $28.26, off 2.59% on the session.