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Fly News Breaks for July 30, 2018
HP
Jul 30, 2018 | 07:25 EDT
As previously reported, Stephens analyst Tommy Moll upgraded Helmerich & Payne to Overweight from Equal Weight, stating that it has the "best-in-class" drilling fleet, "cleanest" balance sheet and highest dividend among its peers and he expects continued earnings momentum given the company's discipline. With the stock down almost 20% since May, he believes the recent divergence in fundamentals and stock performance has created a buying opportunity, Moll tells investors. He raised his price target on Helmerich & Payne shares to $85 from $75.