UPDATE: RBC Capital Markets Upgrades Helmerich & Payne
January 08, 2014 at 09:39 AM EST
In a report published Wednesday, RBC Capital Markets Kurt Hallead upgraded Helmerich & Payne (NYSE: HP ) to Outperform from Sector Perform, raising its price target from $86.00 to $94.00. According to the report, the upgrade is based on the company's dominant market position in the growing Tier 1