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Fly News Breaks for April 6, 2016
BHI, HAL
Apr 6, 2016 | 06:46 EDT
Deutsche Bank analyst Mike Urban lowered his price target for Halliburton (HAL) to $40 following media reports that the Justice Department plans to sue to block the company's acquisition of Baker Hughes (BHI). While Halliburton will be better off with the deal closing, it would still be on "extremely strong footing should they have to go it alone." Urban tells investors in a research note. The analyst keeps a Buy rating on the shares. Urban this morning also downgraded Baker Hughes to Hold.
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