Piper Sandler downgraded Helmerich & Payne to Neutral from Overweight with a price target of $41, down from $47. The firm says the U.S. land is a “slow to no growth” market, and that it can’t bake in meaningful potential U.S. growth. There are a number of more compelling free cash flow stories in oil service, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on HP:
- Helmerich & Payne downgraded to Neutral from Buy at Seaport Research
- Helmerich & Payne price target lowered to $50 from $53 at Susquehanna
- Helmerich & Payne downgraded to Sector Perform from Outperform at ATB Capital
- Patterson-UTI upgraded to Outperform from Sector Perform at ATB Capital
- Helmerich & Payne price target lowered to $47 from $51 at Piper Sandler
