Baker Hughes (BHI) Post Smaller-than-Expected Q3 Loss

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UBS Reiterates a Buy Rating on Baker Hughes (BHI) Following a 3Q EPS Beat

October 22, 2015 10:04 AM EDT

UBS reiterated a Buy rating and $70.00 price target on Baker Hughes (NYSE: BHI) following the company's 3Q15 earnings results. 3Q15 EPS of ($0.05) beat the consensus estimates of ($0.14).

Analyst Angie Sedita commented, "We are reducing our 2016 EPS estimates to -$0.20 from $0.11. We are now... More