Halliburton Reaches 2-Year High as J.P. Morgan Sees Minimal Q1 Earnings Impact from Iran War

Halliburton has reached a two-year high after J.P. Morgan reiterated its "Overweight" rating and raised the price target to $40 from $35. The bank expects Q1 earnings to remain in line with estimates despite the Middle East conflict. The stock has increased 3.7% to $40.36, its highest level in nearly two years.