Analysts at Goldman Sachs have removed Halliburton Company HAL from the Conviction Buy List. However, analysts have reiterated their Buy rating for the company.
Analysts believe that oil service fundamentals are improving and that Halliburton is in a position to outperform its peers.
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HAL is expected to be a key structural beneficiary from the next cycle due to market share gains it made internationally and in the U.S. during the downcycle.
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Posted In: Analyst ColorDowngradesAnalyst RatingsEnergyGoldman Sachs Conviction Buy ListOil & Gas Equipment & Services
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