UBS downgraded Halliburton (HAL) to Neutral from Buy with a price target of $34, down from $36. The firm expects slowing international growth and North America activity headwinds to weigh on the energy services names. Crude oil price faces downward pressure and attractive valuations may not be enough to bring in new investors, the analyst tells investors in a research note. The firm says regulatory and geopolitical impacts under a new Trump administration remain key variables that can impact sector performance.
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