BofA analyst Chase Mulvehill upgraded Helmerich & Payne to Buy from Neutral. The analyst cites his relative preference for U.S. rig exposure over frac for the upgrade as well as a more positive view on OFS stocks, Mulvehill tells investors in a research note. The analyst thinks that as long as the global economy avoids a deep recession, OFS stocks should do well again in 2023.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly