Shares of Halliburton Co. rallied 1.7% toward a near three-year high in premarket trading Thursday, after J.P. Morgan analyst Arun Jayaram turned bullish on the oil services company, given its position as a leader in scale, flexibility and technology and its "best-in-class" returns generated in the last cycle. Jayaram raised his rating to overweight, after being at neutral since March 2020, while lifting the stock price target to $32 from $30. "[Halliburton] is the largest most liquid...
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