Stifel initiated coverage of HMH Holding (HMH) with a Buy rating and $27 price target The firm believes HMH is a “very well-run business” that will benefit from the expected rise in offshore drilling over the next few years. The company’s “high-margin” aftermarket business should drive strong margins, and its asset-light business model will enable it to generate free cash flow and deploy cash for growth opportunities, the analyst tells investors in a research note.
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