RBC Capital analyst Keith Mackey raised the firm’s price target on Helmerich & Payne to $29 from $27 and keeps a Sector Perform rating on the shares. The company’s Q4 EBITDA was slightly ahead of the Street, while its announcement of re-activations in Saudi Arabia provide visibility to improved financial performance, with potential cash flow inflection towards the second half of FY26, the analyst tells investors in a research note.
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