By: Benzinga
UPDATE: Jefferies & Company Reiterates Buy Rating, Raises PT on Helmerich & Payne
In a report published Monday, Jefferies & Company reiterated its Buy rating on Helmerich & Payne (NYSE: HP ), and raised its price target from $55.00 to $59.00. Jefferies noted, “HP delivered a solid 4QFY12 beat on U.S. onshore cost control and sequential dayrate improvement as older Flex 3 contracts
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