UPDATE: Deutsche Bank Raises Baker Hughes' PT - Itron (NASDAQ:ITRI)

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According to a research report published this morning, Deutsche Bank has increased Baker Hughes' (NASDAQ: ITRI) PT from $79 to $80.In the report, Deutsche Bank commented, "In addition to the dislocation across the industry from the unexpectedly rapid shift from gas to oil in the US, BHI has suffered from internal logistics and supply chain issues. Although far from fixed, the worst of these concerns appear to be in the past and the legacy BHI (non-pumping) businesses are continuing to improve. Meanwhile, International is a bright spot with BHI's restructuring efforts and infrastructure investments beginning to pay off. BHI has some of the strongest leverage to this recovery and we continue to rate it BUY."Baker Hughes closed yesterday at $43.38.

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