U.S. sues to block Halliburton-Baker Hughes deal, says anti-competitive
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Jefferies Downgrades Baker Hughes (BHI) Two-Notches to Underperform
April 8, 2016 7:20 AM EDTJefferies downgraded Baker Hughes (NYSE: BHI) from Buy to Underperform with a price target of $34.00, saying the DoJ lawsuit against the Halliburton (NYSE: HAL) merger is "daunting." The analyst thinks an aggressive share buyback or a quick acquisition by another party is unlikely.
Analyst Brad Handler commented, "We believe BHI faces considerable challenges to address... More
