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Fly News Breaks for June 5, 2019
HP
Jun 5, 2019 | 06:50 EDT
JPMorgan analyst Sean Meakim added Helmerich & Payne to his firm's U.S. Equity Analyst Focus List as a value strategy. The analyst advises a "tactical long" position given Helmerich's "advantaged position in the Lower-48 for further upgrades at attractive economics." Further, the company can continue taking share even in a flat-to-down rig count, Meakim tells investors in a research note. At a ~6% dividend yield, he thinks the stocks' risk/reward is favorable. The analyst keeps an Overweight rating on Helmerich & Payne with a $69 price target.
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