Dahlman Rose downgrades to Hold nine oilfield service companies with strong North American...
Dahlman Rose downgrades to Hold nine oilfield service companies with strong North American exposure, including Baker Hughes (BHI). The firm cites the sector’s sluggish outlook for exploration and production spending and recent outperformance of the North American-oriented stocks. Of the group - including ESV, BAS, LUFK and NR - BHI has the most exposure to North America, the firm adds.
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