HSBC Starts Baker Hughes (BHI) at Hold
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Get Alerts BHI Hot Sheet
Rating Summary:
15 Buy, 20 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 17 | Down: 29 | New: 13
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HSBC initiates coverage on Baker Hughes (NYSE: BHI) with a Hold rating and a price target of $62.00.
Analysts David Phillips comments that a lack of upside drives the Hold rating. He believes "New BHI’s cashflow looks strong ‒ our proforma model sees the company generating over USD7bn of cash by 2020e, but like its peers, returns lag those generated in the previous cycle."
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 $60.01 yesterday.
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