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Baker Hughes Incorporated (BHI) [hlAlert]

Rating:
Sell BHI
down 15.18 %

Baker Hughes Incorporated (BHI) downgraded to Sell by Citigroup

Posted on: Thursday,  Oct 15, 2009  11:25 AM ET by Citigroup

Citigroup rated Sell Baker Hughes Incorporated (NYSE: BHI) on 10/15/2009, when the stock price was $45.59. Since
then, Baker Hughes Incorporated has gained 17.90% as of 10/22/2015's recent price of $53.75.
If you would have followed this Citigroup's recommendation on BHI, you would have lost 15.18% of your investment in 2198 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).

Citi Investment Research is a highly respected research unit and is comprised of 390 research analysts across 22 countries. Citi Investment Research covers 3,100 companies, representing 90 percent of the market capitalization of the major global indices, and provides macro and quantitative analysis of global markets and sector trends. Combined with Citi's exceptional sales and trading capabilities and Smith Barney's financial consultants, the core focus of the group is to help investing clients make informed decisions by providing value-added, independent, insightful analysis.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/15/2009 11:25 AM Sell
None
45.59
as of 12/31/2009
1 Week down  -43.75 %
1 Month down  -44.74 %
3 Months down  -29.34 %
1 YTD down  -29.34 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
7/1/2008 8:25 AM Hold
None
86.71 90.00

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