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Actionable news in BHI: BAKER HUGHES Inc,

Baker Hughes (BHI) Stock Downgraded at Deutsche Bank

NEW YORK (TheStreet) -- Before Wednesday's market open, Baker Hughes (BHI - Get Report) stock rating was dropped to "hold" from "buy" at Deutsche Bank, which also reduced its price target to $43 from $78.

On Tuesday, reports suggested the Justice Department will sue to block the oilfield service company's plans to be acquired by Halliburton Co. (HAL) in a $34.6 billion transaction, according to Bloomberg.

"The companies may choose to litigate to proceed with the transaction and, while we believe the merits of the deal are strong, the odds of reaching a closing are a 'coin flip' at best," Deutsche Bank analysts wrote in note...


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