- Baker Hughes (BHGE -4.1%) extends yesterday's post-earnings losses, now more than 9% lower over the past two trading days as the GE albatross continues to weigh on the shares.
- Analysts are weighing in today, mostly sticking with the company; Morgan Stanley (NYSE:MS) analyst Igor Levi reiterates his Outperform rating and $44 price target, believing that the stock's weakness presents a buying opportunity, given that BHGE's free cash flow will soon inflect higher.
- Wells Fargo (NYSE:WFC)'s Judson Bailey also reiterates an Outperform rating, saying it saw solid execution in Q4 albeit overshadowed by underperformance in the Turbomachinery & Process Solutions unit and worries about GE.
- Brad Handler at Jefferies continues to rate BHGE as a Hold, staying on the sidelines given worse than expected margins in the TPS business and competition that's weighing on pricing.
- Now read: Baker Hughes, a GE company 2017 Q4 - Results - Earnings Call Slides
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