Helmerich & Payne: Hold Rating Amid Mixed Performance and Cautious Outlook
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TD Cowen analyst Marc Bianchi maintains a Hold rating on Helmerich & Payne with a $33.00 price target, citing mixed performance and cautious outlook. The company's recent earnings showed modest margin upside, tempered by startup costs for Saudi reactivations. Guidance suggests flat rig count and decreased margin per day. Citi also holds a $29.00 target, reflecting balanced risks and rewards.
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