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UPDATE: Dahlman Rose Downgrades Baker Hughes to Hold on Valuation

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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

DateFirmActionFromTo
Jul 2016JefferiesMaintainsHold
Jul 2016CitigroupMaintainsBuy
Jul 2016JefferiesUpgradesUnderperformHold

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Posted-In: Dahlman RoseAnalyst Color Downgrades Analyst Ratings

 

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