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Baker Hughes Incorporated (BHI) [hlAlert]

Rating:
Neutral BHI
down 1.76 %

Baker Hughes Incorporated (BHI) downgraded to Neutral with price target $40 by Global Hunter Securities

Posted on: Wednesday,  Mar 21, 2012  9:25 AM ET by Global Hunter Securities

Global Hunter Securities rated Neutral Baker Hughes Incorporated (NYSE: BHI) on 03/21/2012. Previously Global Hunter Securities rated Accumulate Baker Hughes Incorporated (NYSE: BHI)
on 01/25/2012., when the stock price was $47.10. Since then, Baker Hughes Incorporated has lost 1.76% as of 03/21/2012's recent price of $46.27.
If you would have followed the previous Global Hunter Securities's recommendation on BHI, you would have lost 1.76% of your investment in 56 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).

Global Hunter Securities uses a disciplined quantitative and qualitative approach, our analysts are focused on covering small-cap companies with unique value and above average growth, primarily in the following sectors: Consumer, Energy, Healthcare, Industrial, Services and Technology. Additionally, Global Hunter Securities has analysts specifically focused on Special Situations and International opportunities. Global Hunter Securities' analysts maintain strong relationships and ongoing dialogue with management teams and industry professionals to ensure propitious access to information.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
3/21/2012 9:25 AM Hold
None
46.27 40.00
as of 12/31/2012
1 Week   
1 Month   
3 Months   
1 YTD down  -4.87 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/25/2012 8:25 AM Buy
None
47.10 60.00
5/16/2011 8:25 AM Buy
None
68.93 97.00

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