Goldman Sachs Maintains Sell on Helmerich & Payne, Lowers Price Target to $34
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Neil Mehta has maintained a 'Sell' rating on Helmerich & Payne (NYSE:HP) and lowered the price target from $38 to $34.
August 29, 2024 | 2:00 pm
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NEGATIVE IMPACT
Goldman Sachs has reiterated its 'Sell' rating on Helmerich & Payne and reduced the price target to $34, indicating a bearish outlook.
The 'Sell' rating and reduced price target from a major financial institution like Goldman Sachs suggest a negative outlook for Helmerich & Payne. This could lead to a decrease in investor confidence and a potential drop in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100