Tuesday, July 26, 2005

Halliburton In Bull Mode

Halliburton, which is one of my two recommended energy stock picks for 2005 and 2006 has been on a terror of late. The numbers keep going up, so I will raise my target price to $60. I think they can earn $2.88 a share in 2006 and trade at 21 times earnings. Halliburton is still cheaper than Slumberger on a forward PE basis. Both are expected to grow earnings at about the same rate.


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