Helix Energy initiated with a Strong Buy at Raymond James

Raymond James initiated coverage of Helix Energy with a Strong Buy rating and $14 price target. Helix Energy Solutions Group is the market leader for well intervention services, with a fleet of dedicated assets and multiple decades of expertise, the analyst tells investors in a research note. The re-entrance into the regulatory-driven shallow water decommissioning market at an attractive price has enabled a cash flow booster for Helix, Raymond James says.