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Fly News Breaks for November 19, 2018
HP
Nov 19, 2018 | 07:14 EDT
Citi analyst Scott Gruber upgraded Helmerich & Payne to Buy and raised his price target for the shares to $74 from $70. The strengthening of the U.S. land rig market coupled with the recent pullback in the shares creates an attractive entry point, Gruber tells investors in a research note. The analyst believes Helmerich "offers a great combination of offensive and defensive qualities."
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