Morgan Stanley Reiterates Underweight on Helmerich & Payne, Maintains $42 Price Target
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Daniel Kutz has reiterated an 'Underweight' rating on Helmerich & Payne (NYSE:HP) and maintained a $42 price target.
August 04, 2023 | 9:28 am
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Morgan Stanley has reiterated an 'Underweight' rating on Helmerich & Payne, maintaining a $42 price target.
The 'Underweight' rating from Morgan Stanley suggests that they expect Helmerich & Payne's stock to underperform compared to other stocks in the market. This could potentially lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100