Citigroup Maintains Neutral on Helmerich & Payne, Lowers Price Target to $33
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Scott Gruber maintains a Neutral rating on Helmerich & Payne (NYSE:HP) and lowers the price target from $41 to $33.

September 13, 2024 | 7:50 pm
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Citigroup's analyst Scott Gruber has maintained a Neutral rating on Helmerich & Payne but has lowered the price target from $41 to $33, indicating a less optimistic outlook.
The lowering of the price target from $41 to $33 by Citigroup suggests a less favorable view on Helmerich & Payne's future performance, which could lead to a negative short-term impact on the stock price. The Neutral rating indicates no strong buy or sell recommendation, but the reduced price target may influence investor sentiment negatively.
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IMPORTANCE 80
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