Goldman Sachs Downgrades Baker Hughes (BHI) to Neutral

Goldman Sachs downgraded Baker Hughes (NYSE: BHI) from Buy to Neutral with a price target of $59 (down from $70).

The firm cited lower-than-expected gas prices resulting from warmer-than normal winter weather.

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 $47.62 yesterday, with a 52 week range of $41.91-$81.00.

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