SunTrust analyst Ken Sill upgraded Helmerich & Payne two notches to Buy from Sell and raised his price target to $75 from $58, saying the recent correction in its stock price has created an "attractive entry point". The analyst notes that most Oil Field Services names anticipate a pause in activity over their upcoming few quarters, but Helmerich & Payne has the "contracts in hand" to continue delivering "12 super-spec rig upgrades per quarter" into Q2 of next year. Sill further points to the company's dividend providing downside protection for the stock price and for its "strong balance sheet" to give it an advantage when the new rig build cycle starts in FY20.