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$BHGE Baker Hughes (BHGE -4.1%) extends yesterday's post-earnings

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eFinanceMarkets   Thursday, 01/25/18 03:56:18 PM
Re: mick post# 1
Post # of 12 
$BHGE Baker Hughes (BHGE -4.1%) extends yesterday's post-earnings losses, now more than 9% lower over the past two trading days as the GE albatross continues to weigh on the shares.

Analysts are weighing in today, mostly sticking with the company; Morgan Stanley analyst Igor Levi reiterates his Outperform rating and $44 price target, believing that the stock's weakness presents a buying opportunity, given that BHGE's free cash flow will soon inflect higher.

Wells Fargo's Judson Bailey also reiterates an Outperform rating, saying it saw solid execution in Q4 albeit overshadowed by underperformance in the Turbomachinery & Process Solutions unit and worries about GE.

Brad Handler at Jefferies continues to rate BHGE as a Hold, staying on the sidelines given worse than expected margins in the TPS business and competition that's weighing on pricing.

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