TD Cowen raised the firm’s price target on Helix Energy to $16 from $15 and keeps a Buy rating on the shares. The firm said earnings and FCF are set to inflect higher as legacy dayrates are replaced by leading edge rates which continue to grind higher. Cowen raised estimates on increased confidence in the duration of the cycle.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HLX: