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Fly News Breaks for August 20, 2018
NOV, BHGE
Aug 20, 2018 | 09:21 EDT
As previously reported, B. Riley FBR analyst Thomas Curran upgraded Baker Hughes (BHGE) to Buy from Neutral and raised his price target to $42 from $36 as he believes a multi-year upturn in equipment and infrastructure spending has begun. The analyst named Baker Hughes as his new favorite large-cap, citing its exposure to LNG and deepwater development infrastructure. He also raised his price target on National Oilwell (NOV) to $45 from $40, though he keeps a Neutral rating on its shares.
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