Yes. Any competant gunsmith can do that, but the gunsmith you choose should be more skilled than the one who turned the dent into a bulge.
The trouble with a bulge is that it must be hammered down, which leaves marks on the barrel and then the barrel should be re-browned if you don't want the marks to show. With a dent, just raising it is usually all that is required with no refinishing. The bulge is probably a result of an overzealous user with a hydraulic dent raiser. Hydraulics have a lag time.
Bruce Day, Parker enthusiastic know-nothing
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