Halliburton has lagged the broader market over the past year, but Wall Street analysts are highly optimistic about the stock’s prospects.
Baker Hughes is expected to release its fiscal third-quarter earnings in October, and analysts project a double-digit profit increase.
Although Halliburton has underperformed other oil and gas equipment and services stocks over the past year, Wall Street analysts still have a bullish outlook on the stock.
Baker Hughes has underperformed the broader market over the past year, but Wall Street analysts are optimistic about the stock’s prospects.
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