UBS Raises PT and Estimates on Baker Hughes (BHI); Expect Strong North American Execution To Continue
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: 13 | Down: 14 | New: 11
Rating Summary:
15 Buy, 20 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Join SI Premium – FREE
UBS maintains a 'Buy' on Baker Hughes (NYSE: BHI) price target of $65.00 (from $60.00).
Analyst, Angie Sedita, said, "BHI had strong results in Q2, particularly in North America where results topped expectations given the early realization of much of the margin benefits from “self-help” initiatives. Management’s efforts to turn around the pressure pumping business (incl recent leadership changes) are quickly materializing into better margins (13.4% vs. our 11% estimate). Additionally results in the International markets were also above our forecasts in every region. We reiterate our view that now is the "Time to Buy the Oil Service Diversifieds"."
Sedita raises FY12 EPS estimate from $3.49 to $3.82 and FY13 from $4.32 to $4.49.
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 $45.59 yesterday.
Analyst, Angie Sedita, said, "BHI had strong results in Q2, particularly in North America where results topped expectations given the early realization of much of the margin benefits from “self-help” initiatives. Management’s efforts to turn around the pressure pumping business (incl recent leadership changes) are quickly materializing into better margins (13.4% vs. our 11% estimate). Additionally results in the International markets were also above our forecasts in every region. We reiterate our view that now is the "Time to Buy the Oil Service Diversifieds"."
Sedita raises FY12 EPS estimate from $3.49 to $3.82 and FY13 from $4.32 to $4.49.
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 $45.59 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Fiserv (FISV) PT Lowered to $60 at Freedom Broker
- Piper Sandler Reiterates Overweight Rating on Estee Lauder (EL), 'F4Q26 Preview'
- BofA Securities Resumes American Eagle Outfitters (AEO) at Underperform
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!
