Helmerich & Payne, Tesco estimates raised at FBR Capital FBR Capital raised its estimates for Helmerich & Payne (HP) and Tesco (TESO) citing recent strength of the Tier 1 land drilling market. FBR raised its price target for Helmerich shares to $107 from $98 and for Tesco to $27 from $22 while keeping Outperform ratings on both names.
Tesco appoints Fernando Assing as CEO Tesco announced that, in accordance with the previously disclosed executive succession plan, Julio Quintana has resigned from the positions of president and CEO. Quintana will remain an employee of the company until his January 1, 2015 retirement date and will remain on the board through his current term. The board correspondingly appointed Assing as president and CEO and appointed him to a vacant seat on the board. Assing joined TESCO in 2009.