UPDATE: Morgan Stanley Downgrades Baker Hughes on Outperformance

By: Benzinga
In an report published Tuesday morning, Morgan Stanley analyst Ole Slorer downgrades Baker Hughes (NYSE: BHI ) from Overweight to Equal-weight, lowering price target from $66 to $62. The report states that BHI will unlikely outperform its peers until they reduce costs to close their margin gap. It is unlikely
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