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Fly News Breaks for December 17, 2015
BHI, HAL
Dec 17, 2015 | 07:45 EDT
Oppenheimer believes that the Halliburton 9HAL)-Baker Hughes (BHI) merger has only a 50% chance of succeeding. The firm says that Hallliburton is the second best oilfield services company and should benefit from the fact that the sector has bottomed with our without Baker Hughes. The firm keeps an Outperform rating on Halliburton and recommends buying the shares. It keeps a Perform rating on Baker Hughes, sayng that the uncertainty surrounding the proposed merger creates problems for its shareholders.
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