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Fly News Breaks for December 11, 2015
HP
Dec 11, 2015 | 06:21 EDT
Citi analyst Scott Gruber upgraded Helmerich & Payne to Neutral citing limited downside risk from current levels. Higher cost production onshore should grow which requires a significantly higher crude price, Gruber tells investors in a research note. He says his call is "deliberately early." The analyst raised his price target for shares to $54 from $44.
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