UPDATE: Morgan Stanley Downgrades Baker Hughes on Outperformance
January 14, 2014 at 11:29 AM EST
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