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Fly News Breaks for May 12, 2016
BHI
May 12, 2016 | 07:15 EDT
Susquehanna updated its model on Baker Hughes and lowered its estimates to reflect what they believe are better assumptions on timing of cost savings initiatives, international growth, and pricing challenges. Susquehanna lowered its price target to $54 from $56 while maintaining its Positive rating on Baker Hughes shares.
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