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Fly News Breaks for July 22, 2015
HLX
Jul 22, 2015 | 09:10 EDT
After Helix Energy reported weaker than expected results, SunTrust thinks the stock is unlikely to drop more than $1-$2 per share, while the shares could jump more than $10. The firm says that the risk of 2016 results missing expectations has dropped meaningfully as analysts probably reduced their estimates following Helix's miss. The firm identifies the stock as its favorite way to play offshore. It cut its price target on the name to $13 from $18 but keeps a Buy rating on the shares.
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