UPDATE: Dahlman Rose Downgrades Baker Hughes to Hold on Valuation
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.
Latest Ratings for BHI
|Feb 2016||Morgan Stanley||Downgrades||Overweight||Equal-weight|
|Jan 2016||Deutsche Bank||Maintains||Buy|
|Jan 2016||KeyBanc||Upgrades||Sector Weight||Overweight|
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