Susquehanna Maintains Positive on Helmerich & Payne, Lowers Price Target to $50
Portfolio Pulse from Benzinga Newsdesk
Susquehanna analyst Charles Minervino has maintained a Positive rating on Helmerich & Payne (NYSE:HP) but has reduced the price target from $53 to $50.
December 06, 2023 | 4:46 pm
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NEUTRAL IMPACT
Susquehanna has maintained a Positive rating on Helmerich & Payne but lowered the price target from $53 to $50.
The reduction in price target by Susquehanna may have a neutral to slightly negative short-term impact on Helmerich & Payne's stock price as it suggests a lower expected future price, albeit the Positive rating indicates continued confidence in the company's performance. The impact is not strongly negative as the rating was not downgraded, and the price target was only modestly reduced.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100