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Fly News Breaks for January 31, 2019
HP
Jan 31, 2019 | 08:24 EDT
As previously reported, BofA/Merrill analyst Chase Mulvehill upgraded Helmerich & Payne to Buy from Neutral following "solid" Q4 results, a resilient Q1 guide, positive dayrate commentary, and the potential for rigs additions by March/April timeframe. The analyst also raised his price target on the shares to $68 from $13 as he believes a premium is warranted on the company's differentiated business model.
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