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Fly News Breaks for April 22, 2015
HAL, BHI
Apr 22, 2015 | 07:52 EDT
Susquehanna raised its price target on Baker Hughes (BHI) to $78 from $72 despite its Q1 results having missed estimates, noting that the firm expected a weak quarter due to lost market share and a decline in North American revenues. Susquehanna believes its merger with Halliburton (HAL) should benefit the company and the firm reiterated its Positive rating on Baker Hughes shares.
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