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Fly News Breaks for July 22, 2015
BHI
Jul 22, 2015 | 09:35 EDT
Susquehanna lowered its estimates and price target on Baker Hughes (BHI) following its Q2 results, citing disappointing North American market margins and pricing pressures. The firm believes evidence suggests a prolonged recovery is in store but likes the share's discount relative to Halliburton (HAL) with regards to its merger agreement. Susquehanna reiterated its Positive rating but lowered its price target to $72 from $78 on Baker Hughes shares.
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