Susquehanna lowered the firm’s price target on Baker Hughes (BKR) to $46 from $48 and keeps a Positive rating on the shares. The firm updated its model following Q1 results where their reduction in forecasts is mainly due to lower estimates in the OFSE segment, as a more uncertain economic outlook and lower commodity prices likely negatively impact oilfield services drilling and completions activity.
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Read More on BKR:
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