Goldman Sachs Removes Halliburton Company (HAL) From Conviction Buy List, Maintains Buy Rating

Analysts at Goldman Sachs have removed Halliburton Company (NYSE: 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.