Citi raised the firm’s price target on Helmerich & Payne to $42 from $40 and keeps a Neutral rating on the shares. After an 8% rise year-to-date, the analyst is “tactically cautious” on the oilfield service sector into Q1 earnings. The firm believes gas price weakness in the U.S. will weigh on activity, including likely limiting upside in the Permian, and Saudi jackup suspensions.
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