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Fly News Breaks for January 5, 2016
HAL
Jan 5, 2016 | 06:59 EDT
KeyBanc analyst Robin Shoemaker upgraded both Baker Hughes (BHI) and Halliburton (HAL) to Overweight to reflect the probable consummation of the merger in early 2016. Shoemaker said Halliburton will try to identify and remedy the Department of Justice's continuing concerns about the potential impact of the merger and has already proposed to sell assets and businesses in order alleviate those concerns. The combined company will be strategically positioned as a leader in supplying the North American drilling and completion services market when it recovers from the current slump, the analyst wrote.
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