JPMorgan initiated coverage of HMH Holding (HMH) with an Overweight rating and $26 price target representing 29% upside from current levels. HMH is a capital equipment provider of highly engineered, mission-critical drilling equipment and aftermarket services primarily for the offshore drilling industry, the analyst tells investors in a research note. The firm says the company offers growing exposure to the land drilling and mining markets. JPMorgan says HMH offers a high-margin, recurring aftermarket revenue mix and asset-light operating structure.
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Read More on HMH:
- Derek Podhaizer Initiates Buy on HMH, Citing Multi‑Year Offshore Upturn and Volume‑Led Earnings Growth with $32 Price Target
- Stephens Initiates Buy on HMH, Citing Strong Offshore Cycle Positioning, High‑Margin Aftermarket Mix, and $27 Price Target
- Stephen Richardson Initiates Buy on HMH, Citing Offshore Upcycle Tailwinds and Sets $27 Price Target
- HMH Holding initiated with an Outperform at Evercore ISI
- HMH Holding initiated with a Buy at Stifel