Goldman Sachs Maintains Sell on Helmerich & Payne, Lowers Price Target to $33
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Neil Mehta has maintained a Sell rating on Helmerich & Payne (NYSE:HP) and reduced the price target from $37 to $33.
January 12, 2024 | 2:22 pm
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Goldman Sachs analyst Neil Mehta has reiterated a Sell rating on Helmerich & Payne and lowered the price target to $33.
The reduction in price target by a major financial institution like Goldman Sachs typically indicates a bearish outlook on the stock, suggesting that the stock's market price might decrease in the short term. The Sell rating reaffirms the negative sentiment.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100