** Halliburton HAL.N posted lower Q1 profit on Tuesday as a slowdown in drilling activity in North America weakened demand for its oilfield services and equipment

** HAL up 1.5% premarket in a high oil price environment on Wednesday

NEAR-TERM EXPECTATIONS REFLECT CLOUDY FORECAST

** Stifel ("Buy") cuts PT to $32 from $37, says Q1 results were mixed relative to expectations and Q2 guidance was disappointing

** "We are taking a more cautious approach to our forecasts due to the uncertainty created by tariffs and OPEC+" - brokerage

** RBC Capital Markets ("Sector Perform," PT: $28) says its confidence in co's outlook has been hit as exploration and production companies navigate commodity price volatility and tariff uncertainty

** Evercore ("Outperform" PT: $29) says HAL is likely to continue to labor through this uncertainty even with modestly better international results plus share gains in addition to stabilization (if not improvement) from Mexico

** J.P. Morgan cuts PT to $30 from $35, and TD Cowen cuts PT to $32 from $33

(Reporting by Pooja Menon in Bengaluru)

((Pooja.Menon@thomsonreuters.com;))