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Baker (michael) Corporation (BKR) [hlAlert]

up 2.71 %

Baker (michael) Corporation (BKR) upgraded to Buy by Janney Mntgmy Scott

Posted on: Friday,  Oct 2, 2009  8:25 AM ET by Janney Mntgmy Scott

Janney Mntgmy Scott rated Buy Baker (michael) Corporation (AMEX: BKR) on 10/02/2009, when the stock price was $39.40.
Since then, Baker (michael) Corporation has gained 2.72% as of 10/11/2013's recent price of $40.47.
If you would have followed this Janney Mntgmy Scott's recommendation on BKR, you would have gained 2.71% of your investment in 1470 days.

Michael Baker Corporation provides engineering and energy services to public and private sector clients worldwide through its operating subsidiaries. The Company is a provider of outsourced operations and maintenance services to the energy industry in the Gulf of Mexico. The Company operates through two segments: Engineering and Energy. The Company?s Engineering segment provides a variety of design and related consulting services, principally in the United States. The Energy segment provides a range of services to operating energy production facilities worldwide. Contracts with various branches of the United States government accounted for 34% of its total contract revenues for the year ended December 31, 2008. The Company?s contracts with the Federal Emergency Management Agency (FEMA) accounted for approximately 13% of its revenues in 2008. In October 2009, the Company completed the sale of its energy business segment (Baker Energy) to a subsidiary of John Wood Group PLC.

We are committed to providing innovative, wealth-building investment solutions through original thought, proprietary data and access to company managements, industry leaders and our analysts. Janney’s enduring commitment to primary research coincides with an investment acumen that recognizes our core responsibility – to make money for our clients. Our analysts strive to identify the emerging and sometimes hidden themes that can provide investors a superior return over time.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/2/2009 8:25 AM Buy
as of 12/31/2009
1 Week down  -25.01 %
1 Month down  -19.39 %
3 Months down  -22.15 %
1 YTD down  -22.15 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/5/2008 11:25 AM Hold
31.04 33.00

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