Duncan-Williams Lowers Rating On Helmerich & Payne

Duncan-Williams, Inc. has downgraded its rating on Helmerich & Payne HP from Buy to Reduce. “We are lowering our rating to REDUCE from BUY based on valuation. We recommend investors take profits at present levels and look for a pullback in the stock as well as a lower entry point,” says the firm. HP closed on Friday at $68.94.