RBC Capital Maintains Sector Perform on Helmerich & Payne, Raises Price Target to $48
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Keith Mackey has maintained a 'Sector Perform' rating on Helmerich & Payne (NYSE:HP) and increased the price target from $46 to $48. This adjustment reflects a slightly more optimistic outlook for the company's stock.
January 31, 2024 | 3:55 pm
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RBC Capital analyst Keith Mackey has reaffirmed Helmerich & Payne's 'Sector Perform' rating and raised the price target from $46 to $48, indicating a potential upside from the current trading price.
The increase in price target by RBC Capital suggests a more favorable outlook for Helmerich & Payne, which could lead to increased investor confidence and a potential short-term rise in the stock price. The 'Sector Perform' rating indicates that the analyst views the company as likely to perform in line with the sector, but the raised target price implies a belief that the stock has some room to grow.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100