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Fly News Breaks for April 27, 2018
HP
Apr 27, 2018 | 08:56 EDT
Credit Suisse analyst James Wicklund raised his price target on Helmerich & Payne to $63 from $51, telling investors in a research note that it is among the "highest quality" companies operating in the land rig space, but it "can't support the valuation." Wicklund, who has an Underperform rating on shares, said H&P is set to take more than its fair share of the high-spec rigs market, which remains tight.
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