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Fly News Breaks for January 30, 2017
HP
Jan 30, 2017 | 07:49 EDT
DA Davidson analyst Sonny Randhawa says that Helmerich & Payne's "'recent underperformance is unwarranted." The analyst says that he was " ecstatic" about the company's 23% increase in revenue days in Q1, and suggests that the company's lower than expected EPS was driven by its decision to refurbish 36 rigs in under 70 days. He trimmed his price target on the shares to $85 from $91 but keeps a Buy rating on the stock.
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