TD Cowen Reiterates Buy Rating on Helix Energy Solutions Group, Inc. (HLX)

TD Cowen analyst James Schumm reiterated a Buy rating and $16.00 price target on Helix Energy Solutions Group, Inc. (NYSE: HLX).

The analyst commented: "We are more optimistic on Robotics but more cautious on Shallow Water. Our sense is that 3Q24 will be solid given limited storm disruptions in the GoM. Bloomberg reported HLX is exploring strategic options including a sale (unconfirmed). We think private equity or Subsea7 are the most likely buyers. A FCF inflection, new LT contracts & a growing renewables biz likely make HLX a relative winner."

For an analyst ratings summary and ratings history on Helix Energy Solutions Group, Inc. click here. For more ratings news on Helix Energy Solutions Group, Inc. click here.

Shares of Helix Energy Solutions Group, Inc. closed at $10.65 yesterday.

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