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Stock Market & Financial Investment News

News Breaks
February 24, 2014
07:48 EDTBHIBaker Hughes upgraded to Strong Buy from Market Perform at Raymond James
Raymond James upgraded Baker Hughes two notches to Strong Buy from Market Perform with a price target of $80. The firm upgraded shares and raised estimates to reflect the beginning of a pressure pumping pricing recovery as the increase in natural gas prices drives an accelerating in North American spending.
News For BHI From The Last 14 Days
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October 24, 2014
13:06 EDTBHIBaker Hughes reports U.S. rig count up 9 to 1927
Baker Hughes says the U.S. Rig Count is up 9 rigs from last week to 1927, with oil rigs up 5 to 1595, gas rigs up 4 to 332, and miscellaneous rigs unchanged at 0. Says the U.S. Rig Count is up 189 rigs from last year at 1738, with oil rigs up 238, gas rigs down 44, and miscellaneous rigs down 5. The U.S. Offshore rig count is 55, down 2 rigs from last week, and down 7 rigs year over year.
October 17, 2014
13:03 EDTBHIBaker Hughes reports U.S. rig count down 12 from last week to 1918
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08:26 EDTBHICredit Suisse says its time to buy Baker Hughes
Credit Suisse believes Baker Hughes shares are "washed out" and believes its time to buy shares. The analyst is confident it can hit Q4 consensus EPS estimate of $1.26 given strength in pumping and any improvement in the Gulf of Mexico. Shares are Outperform rated with an $81 price target and $97 price target.
07:34 EDTBHIBaker Hughes maintains positive outlook despite uncertainty, says UBS
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October 16, 2014
13:38 EDTBHIBaker Hughes shares defended at Citigroup
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09:23 EDTBHIOn The Fly: Pre-market Movers
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06:42 EDTBHIBaker Hughes completed demobilization of Iraq contract
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06:35 EDTBHIBaker Hughes sees increased Q4 revenue, margins for North American segment
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06:32 EDTBHIBaker Hughes reports Q3 adjusted EPS $1.02, consensus $1.13
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