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Fly News Breaks for June 7, 2019
HP
Jun 7, 2019 | 06:12 EDT
Piper Jaffray analyst John Watson upgraded Helmerich & Payne to Overweight from Neutral while lowering his price target for the shares to $60 from $64. "If and when generalist interest" in oilfield services returns, Helmerich & Payne will be on the short-list for many investors because of the company's "fortress" balance sheet, history of returning capital to shareholders, and "generous" current dividend yield, Watson tells investors in a research note.
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