Baker Hughes (BHI) is upgraded to Buy from Hold with a $54 price target (from $48) at Jefferies,...

Baker Hughes (BHI) is upgraded to Buy from Hold with a $54 price target (from $48) at Jefferies, which cites greater confidence in near- and medium-term revenue and margins in U.S. pressure pumping, driven in part by more 24-hour operations, and H2 margin and medium-term revenue confidence in the Eastern Hemisphere. BHI +0.6% premarket.