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Enter Symbol:
 
Baker Hughes Incorporated (BHI) [hlAlert]

Rating:
Mkt Perform
BHI
down 17.92 %

Baker Hughes Incorporated (BHI) downgraded to Mkt Perform by Wachovia

Posted on: Thursday,  Jan 31, 2008  8:25 AM ET by Wachovia

Wachovia rated Mkt Perform Baker Hughes Incorporated (NYSE: BHI) on 01/31/2008. Previously Wachovia rated Outperform Baker Hughes Incorporated (NYSE: BHI) on
01/11/2008., when the stock price was $79.50. Since then, Baker Hughes Incorporated has lost 17.92% as of 01/31/2008's recent price of $65.25.
If you would have followed the previous Wachovia's recommendation on BHI, you would have lost 17.92% of your investment in 20 days.

Baker Hughes Incorporated (Baker Hughes) is engaged in the oilfield services industry. The Company is a supplier of wellbore related products and technology services, including products and services for drilling, formation evaluation, completion and production and reservoir technology and consulting to the worldwide oil and natural gas industry. The Company operates through two segments: the Drilling and Evaluation segment, and the Completion and Production segment. In April 2008, the Company acquired two reservoir consulting firms, Gaffney, Cline & Associates (GCA) and GeoMechanics International (GMI).

Wachovia offers a full range of products and services to meet the needs of corporate and institutional clients nationwide. These include capital raising, market making, and financial advisory products and services, to name just a few. We have the experience and resources you need to help your business grow and succeed. With a unified culture and integrated platform, ours is an organization that executes without distraction. We are focused and proactive, working as a team to deliver the ideas and capital for your needs.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/31/2008 8:25 AM Hold
None
65.25
as of 12/24/2008
1 Week up  6.67 %
1 Month up  5.94 %
3 Months up  10.15 %
1 YTD down  -47.85 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/11/2008 9:25 AM Buy
None
79.50

(*) Stock Price at the time of the recommendation.
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