UPDATE: Pritchard Capital Raising Price Target On Halliburton Company

Pritchard Capital is out with a research report on Halliburton Company HAL and is raising its price target to $75 on better than expected earnings. In a note to clients, Pritchard Capital writes, "New eps estimates $3.35/$4.58 for 2011/2012 up from $3.16/$4.24. U.S. land market remains stout." Shares of HAL gained 4 cents yesterday to close at $53.12.