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Halliburton Stock Could Sell Off Into the $20s

Alan Farley

Halliburton Company ( HAL) shares fell more than 8% on Monday after the oil services giant missed second quarter profit estimates. Cowen lowered its 2018 target on Halliburton on Tuesday morning, raising the odds for a multi-day selling event that reaches the 2017 low in the upper $30s. The decline follows a recent crude oil reversal that dropped the West Texas Intermediate (WTI) futures contract more than eight points into the mid-$60s.