Jefferies Likes Halliburton (HAL)

Jefferies & Co. is out with a research note on the oil services names, and it has a Buy rating and a $59 price target on shares of Halliburton HAL. In a note to investors, Jefferies writes, "As we enter a potentially sloppy (but well documented owing to weather and North Africa) 1Q earnings season, we suggest investors use any volatility as buying opportunities, particularly in our favorite names. Our favorite stocks currently include: Halliburton (HAL), Baker Hughes (BHI), Cameron (CAM) and Superior Energy (SPN). In addition, Complete Production (CPX) remains a name that we believe is simply too cheap at current levels given our belief in the sustainability of U.S. activity." Shares of HAL lost 10 cents on Friday to close at $48.13.