COVERAGE REITERATED: Baker Hughes (BHI) reiterated by Barclays. Reiterated rating Overweight. 03/22 12:19 PM
MS issued a re stated target of 77.00 reiterating overweight for the stock. The stock came down in announcements of lower EPS due to US based operations but it only represents 20pct of BHI operations. Buy on the dip is MS recomendation.
going much lower folks, hold off on buying, around $42 would be a good entry point, by end of the month we should be close.
I would disagree with the further drop to 42 tommorrow. I have never seen it drop more than 4 days in a row. I expect to see recovery about a buck tommorrow.After that, well, it is a new count.