UBS Maintains a 'Buy' on Baker Hughes (BHI), But Lowers Price Target and Estimates
Tweet
Share
E-mailGet Alerts BHI Hot Sheet
Price: $57.68 --0%
Rating Summary:
15 Buy, 20 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 17
Rating Summary:
15 Buy, 20 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 17
Join SI Premium – FREE
UBS maintains a 'Buy' on Baker Hughes (NYSE: BHI) price target cut from $66 to $60.00.
UBS analyst said, "We believe the pressure pumping capacity issue will continue to overhang the oil service diversifieds over the next several quarters. As we mentioned in our report from earlier this week, conditions will likely become worse before they get better. We believe the capacity additions need to play out first, before the stocks bottom."
"Lowering our ‘12/’13 EPS ests by 20%-25% to $3.72/$4.48 from $4.91/$5.67."
For an analyst ratings summary and ratings history on Baker Hughes click here. For more ratings news on Baker Hughes click here.
Shares of Baker Hughes closed at $43.22 yesterday.
UBS analyst said, "We believe the pressure pumping capacity issue will continue to overhang the oil service diversifieds over the next several quarters. As we mentioned in our report from earlier this week, conditions will likely become worse before they get better. We believe the capacity additions need to play out first, before the stocks bottom."
"Lowering our ‘12/’13 EPS ests by 20%-25% to $3.72/$4.48 from $4.91/$5.67."
For an analyst ratings summary and ratings history on Baker Hughes click here. For more ratings news on Baker Hughes click here.
Shares of Baker Hughes closed at $43.22 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- HSBC Downgrades Feng Tay Enterprises (9910:TT) to Hold
- Piper Sandler Downgrades Magnolia Oil & Gas Corp. (MGY) to Neutral
- Comerica (CMA) PT Raised to $54 at Piper Sandler
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT ChangeRelated Entities
UBSSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
