Helix Energy price target raised to $13 from $12 at TD Cowen

TD Cowen analyst James Schumm raised the firm’s price target on Helix Energy (HLX) to $13 from $12 and keeps a Buy rating on the shares. The firm said the company continues to generate solid FCF despite the challenging OFS environment. While 2026 guidance was arguably a bit disappointing, it was impacted by a one-time item and Cowen sees it as a positive that it has sufficient visibility to offer FY guidance.