Evercore ISI analyst Jason Bandel raised the firm’s price target on Helmerich & Payne to $27 from $20 and keeps an In Line rating on the shares. H&P is making strides with its international expansion, particularly in Saudi, says the analyst, who adds that strategic moves in the Middle East and technological advancements in North America are “setting the stage for potential long-term growth,” despite the near-term financial challenges posed by reactivation costs.
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