Morgan Stanley Adjusts Ratings in Favor of Land Drillers HP, NEX and CLB By Investing.com
© Reuters. By Sam Boughedda A Morgan Stanley analyst upgraded shares of Helmerich & Payne (NYSE:) to Equal-Weight and downgraded Nextier Oilfield Solutions (NYSE:) to Equal-Weight and Core Laboratories (NYSE:) to Underweight in a note Monday. The analyst explained that the NAm cycle is maturing, and cash generation/returns are taking primacy over EBITDA revisions, while …