11:20 AM EDT, 10/22/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

Our 12-month target price of $29, lifted by $4, reflects a combination of our relative valuation model and our DCF model. On a relative basis, we apply a 7x multiple of enterprise value to projected 2026 EBITDA, slightly below HAL's historical forward average, yielding a value of $26 per share. Our DCF model assumes free cash flow growth of 2.7% per year for 10 years, discounted at a WACC of 7.9%, and yields an intrinsic value of $33 per share. We lift our 2025 EPS estimate by $0.05 to $2.29 but trim 2026's by $0.20 to $2.20. We think HAL's performance in Q3 was quite good, with better revenue performance than we had anticipated, as well as wider margins. We are nonetheless cautious about 2026 as we see E&Ps keeping a close eye on capital budgets in 2026 given recent price weakness. In the longer term, we think the VoltaGrid relationship could add an attractive power dynamic to HAL's core oilfield services franchise. Shares yield 3.0%.