Halliburton was a cash machine in Q2 and we’re boosting our price target

Signage is displayed outside a Halliburton Co. location in Port Fourchon, Louisiana, U.S.

Luke Sharett | Bloomberg | Getty Images

Halliburton (HAL) reported mixed second-quarter results before the bell Wednesday as weaker-than-expected results in its completion and drilling segment were a drag.

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