Baker Hughes (BHI -1.9%) is downgraded to Neutral from Buy at Sterne Agee, on concerns about...


Baker Hughes (BHI -1.9%) is downgraded to Neutral from Buy at Sterne Agee, on concerns about profitability in Latin America, uncertain profit margins in the U.S. and Canada, a cloudy outlook in the Eastern Hemisphere, and better risk-reward among rival companies. Also, RBC cuts shares to Sector Perform, forecasting BHI's top line up ~7% in 2013 vs. peer average estimates of 12% growth.

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  • vallies
    , contributor
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    SLB warns, BHI gives pre guidance, and just now before they report, they downgrade. See folks, we warned ya, feathers for all our caps.
    8 Jan 2013, 11:55 PM Reply Like
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