Jefferies Starts Baker Hughes (BHI) at Buy

November 29, 2011 6:51 AM EST Send to a Friend
Get Alerts BHI Hot Sheet
Price: $47.17 +0.21%

Rating Summary:
    9 Buy, 17 Hold, 3 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 11 | Down: 18 | New: 13
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Jefferies initiates coverage on Baker Hughes (NYSE: BHI) with a Buy. PT $65.00.

The firm comments, "BHI has recently rounded out its product offerings with the acquisition of BJ Services and some other smaller acquisitions as well as completed a successful reorganization along geographic markets, which should help facility revenue and margin growth in 2012 and 2013."

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 $51.27 yesterday, with a 52 week range of $41.91-$81.00.


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