Pritchard Capital Raises HAL PT To $75

Pritchard Capital has issued a report raising the Price Target on Halliburton Company HAL from $61 to $75 a share. In the report Pritchard Capital writes, "The U.S. land market remains extremely robust based on rig activity thus far in the September quarter; a flat rig count through the end of the quarter would push the average up by over 4% sequentially. Factor in a higher increase in oil-directed rigs and the potential for pricing, and we think North America revenue could increase by almost 10%." HAL is Buy rated and closed at $53.12 a share yesterday.