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Fly News Breaks for September 25, 2018
HP
Sep 25, 2018 | 08:55 EDT
B. Riley FBR analyst Thomas Curran upgraded Helmerich & Payne to Buy from Neutral and raised his price target for the shares to $83 from $68. The analyst views the shares as attractively valued and expects Helmerich to reap 2019-2020 rewards from its "proven" growth strategy for U.S. super-spec land drilling. He also sees earnings upside from AutoSlide automated directional drilling service, which is set for commercial launch over the first half of 2019.
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