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
|Dec 2016||Bernstein||Initiates Coverage On||Market Perform|
|Nov 2016||Atlantic Equities||Upgrades||Underweight||Neutral|
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.