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Fly News Breaks for October 26, 2016
BHI
Oct 26, 2016 | 08:08 EDT
UBS analyst Angie Sedita noted Baker Hughes reported impressive Q3 results as its substantial cost-cutting drove upside to margins. The analyst expects additional cost cuts and the company commented they are in the early stages of developing new channels internationally to sell products and services. Sedita reiterated her Buy rating and raised her price target to $62 from $55 on Baker Hughes shares.
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