Morgan Keegan Maintains Outperform Rating On Halliburton

According to Morgan Keegan, Halliburton HAL Outperform rating is maintained. Morgan Keegan said that NAM and pressure pumping delivered another great quarterly result and support our significantly raised expectations for 2H'11 and 2012. “Our $68 price target for Halliburton is based on 15.0x our upwardly adjusted 2012 earnings estimate of $4.55. Our rating remains Outperform.” Halliburton closed yesterday at $53.12.