Thread regarding Halliburton Co. layoffs

slower-than-expected recovery in commodity prices is likely to weigh heavily on Halliburton’s revenue and earnings in the coming quarters, as the global rig count is expected to remain low. Further, the volatility in the commodity markets has increased the risk perception of oilfield services companies, like Halliburton, among investors. Thus, we have revised downward our price estimate for Halliburton from $42 per share to $38 per share.