Helmerich & Payne downgraded to Market Perform from Outperform at Cowen Cowen's survey indicates the oil and gas industry is expecting lower North American and international E&P spending and that consensus earnings to need to come down further. As a result, the firm downgraded Helmerich and lowered its price target to $86 from $89.
News For HP From The Last 14 Days
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Helmerich & Payne upgraded to Neutral from Underperform at Credit Suisse Credit Suisse upgraded Helmerich & Payne to Outperform and raised its price target to $96 from $90 based on valuation and reduced expectations.