Jefferies Downgrades Baker Hughes (BHI) Two-Notches to Underperform

KLR Group Raises Price Target on Halliburton (HAL) After Adjusting Estimates ex. BHI

April 11, 2016 7:07 AM EDT

KLR Group reiterated a Buy rating on Halliburton (NYSE: HAL), and raised the price target to $52.00 (from $48.00), after removing BHI from the company's estimates. KLR raised 2016 and 2017 EPS to $0.22 and $1.35, reversing conservative assumptions of dilution.

Analyst Darren Gacicia commented, "We are no longer consolidating BHI... More

Nomura Securities Starts Baker Hughes (BHI) at Neutral

April 7, 2016 5:45 PM EDT

Nomura Securities initiates coverage on Baker Hughes (NYSE: BHI) with a Neutral rating and a price target of $38.00.

Analyst Matthew Johnston commented, "We are initiating coverage of Baker Hughes Incorporated (BHI) with a Neutral rating and a target price of $38. The potential... More

U.S. sues to block Halliburton-Baker Hughes deal, says anti-competitive

April 6, 2016 10:08 AM EDT

By Diane Bartz and Terry Wade

WASHINGTON/HOUSTON (Reuters) - The U.S. government filed a lawsuit on Wednesday to stop Halliburton Co (NYSE: HAL) from buying Baker Hughes Inc (NYSE: BHI), arguing the combination of the No. 2 and No. 3 oil services companies would lead to higher prices in the sector.

The move, which comes after months of talks on divestitures of some overlapping businesses, significantly cuts the chances of the deal going through, although Halliburton said it would "vigorously contest" the lawsuit.

The Justice... More

Halliburton (HAL), Baker Hughes (BHI) Will 'Vigorously Contest' DOJ Action to Block Merger

April 6, 2016 9:57 AM EDT

Halliburton Company (NYSE: HAL) and Baker Hughes Incorporated (NYSE: BHI) announced that the companies intend to vigorously contest the U.S. Department of Justice's (DOJ) effort to block their pending merger. The companies believe that the DOJ has reached the wrong conclusion in its assessment of the transaction and that its action is counterproductive, especially in the context of the challenges the U.S. and global energy industry are currently... More

Halliburton (HAL) Sued by U.S. DOJ Seeking to Block Baker Hughes (BHI) Deal

April 6, 2016 9:51 AM EDT

(Updated - April 6, 2016 9:53 AM EDT)

Halliburton (NYSE: HAL) sued by U.S. Department of Justice seeking to block Baker Hughes (NYSE: BHI) deal, according to Bloomberg headlines.

UPDATE - The DOJ press release... More

DOJ to Hold Call at 10:40 AM ET to Report Significant Antitrust Matter

April 6, 2016 9:10 AM EDT

DOJ to Hold Call at 10:40 AM ET to Report Significant Antitrust Matter

... More

Deutsche Bank Downgrades Baker Hughes (BHI) to Hold

April 6, 2016 7:06 AM EDT

Deutsche Bank downgraded Baker Hughes (NYSE: BHI) from Buy to Hold with a price target of $43.00 (from $78.00). The change follows reports regulators plans to block its merger with Halliburton (NYSE: HAL).

Analyst Mike Urban said,... More