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Fly News Breaks for April 7, 2016
HAL, BHI
Apr 7, 2016 | 07:44 EDT
JPMorgan analyst Sean Meakim lowered his price target for Baker Hughes (BHI) to $36 saying he's "skeptical of the various Baker bull cases" surfacing after the Justice Department sued to block the takeover by Halliburton (HAL). The analyst found yesterday's rally in Baker shares surprising and keeps an Neutral rating on the shares.
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