Dahlman Rose Has Buy Rating On Baker Hughes

Dahlman Rose & Co. has a Buy rating and a $95 price target on shares of Baker Hughes Incorporated (NYSE: BHI).

In a note to clients, Dahlman Rose & Co. writes, "The Baker Hughes US Rig Count increased by 22 rig to 1,882, driven by an increase of 19 rigs drilling for oil. The horizontal and vertical rig counts increased this week, by 20 and seven, respectively, while the directional rig count declined by five. The oil rig count reached a new high, increasing by 19 to 1,003. The oil rig count now accounts for 53% of the total. The Canadian rig count declined by 27 to 250 after increasing by 93 in the preceding two weeks."

At last check, shares of Baker Hughes are up 38 cents to $67.65, a gain of 0.56%‎.