(Bloomberg) -- Baker Hughes Inc. was downgraded at
Merrill Lynch & Co., which said growth is slowing at the world's
third-largest oilfield-services provider and the stock is no
longer inexpensive after an 18 percent gain this year.
Analyst Alan Laws lowered his rating to ``neutral'' from
``buy'' for the first time since initiating coverage in October
2005. The analyst is the third-most accurate on Baker Hughes out
of 25 surveyed on earnings accuracy, according to Starmine.com.
Read more at Bloomberg Stocks News
Merrill Lynch & Co., which said growth is slowing at the world's
third-largest oilfield-services provider and the stock is no
longer inexpensive after an 18 percent gain this year.
Analyst Alan Laws lowered his rating to ``neutral'' from
``buy'' for the first time since initiating coverage in October
2005. The analyst is the third-most accurate on Baker Hughes out
of 25 surveyed on earnings accuracy, according to Starmine.com.
Read more at Bloomberg Stocks News
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