Helix Energy price target lowered to $9 from $10 at Raymond James

Raymond James lowered the firm’s price target on Helix Energy (HLX) to $9 from $10 and keeps an Outperform rating on the shares. Helix battled a difficult operating environment and delivered weaker results amid the Q5000 drydock and Q4000 transit, combined with macro volatility, the analyst tells investors in a research note. There should be a “solid” year over year improvement in 2026, though the lack of visibility and recent performance is weighing on shares, the firm says.