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Halliburton (HAL) Stock Coverage Initiated at Nomura

NEW YORK (TheStreet) -- Before Friday's market open, Halliburton Co. (HAL - Get Report) stock was initiated with a "buy" rating and a $44 price target at Nomura.

The firm sees a potential upside for the Houston-based company even if the acquisition of fellow oilfield service provider Baker Hughes (BHI) fails.

On Wednesday, the Justice Department filed an antitrust lawsuit to block the acquisition, but the companies plan to fight the suit.

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The lawsuit could result in Halliburton...