Market Overview

UPDATE: Dahlman Rose Downgrades Baker Hughes to Hold on Valuation

Related BHI
Oil & Gas Stock Roundup: Shell Strikes in GoM, Chevron Starts New Oil Plant
Baker Hughes Counts 4 Fewer US Rigs, Oil-Directed Rigs Fall
Exxon Carries Out 'Major Evacuation' From Iraq (Fox Business)

In a report published Monday, Dahlman Rose downgraded its rating on Baker Hughes (NYSE: BHI) from Buy to Hold.

Dahlman Rose noted, “We are downgrading Baker Hughes to Hold from Buy. BHI has the most North American exposure of any of the major oil service companies and with the recent strength, the stock is currently trading within 10% of our fair value estimate of $50 per share.”

Baker Hughes closed on Friday at $45.65.

Posted-In: Dahlman RoseAnalyst Color Downgrades Analyst Ratings

 

Most Popular

Related Articles (BHI)

Around the Web, We're Loving...

Partner Network

Get Benzinga's News Delivered Free