Halliburton Sees Price Target Reduction as Western Digital Receives an Increase

As the heart of earnings season is here, two big name companies were reviewed by brokerage analysts following their earnings report releases. Here’s what they had to say:

Halliburton Company (NYSE:HAL): Argus reduced its target on Halliburton, citing what the firm sees as the disconnect between market fundamentals and share price performance, The firm continues to keep Halliburton on its Focus List and reiterates a Buy rating.

Western Digital Corp. (NYSE:WDC): Brean Murray raised its price target on Western Digital following solid Q2 earnings. The firm cited the potential for margin expansion, its Hitachi acquisition, and higher volume shipments. Shares are Buy rated.

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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com