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BMLP - Dorsey Wright MLP Index ETN Due 10 Dec 2036 News Story

$42.6 0.0  0.0%

Sector
Financials
Size
Market Cap £n/a
Enterprise Value £n/a
Revenue £n/a
Position in Universe th / 6846

BUZZ-Baker Hughes: BMO upgrades on valuation

** BMO upgrades oilfield services co  BKR.N  to
"outperform" from "market perform", but cuts PT to $26 from $27
    ** Shares up 1% at $20.33
    ** Brokerage sees an opportunity in BKR to increase sector
exposure at an attractive valuation after its stock lagged
behind major peers Schlumberger  SLB.N  and Halliburton  HAL.N 
    ** "We expect positive revisions to BKR's conservative
International/North American oil field service outlook,
accelerating the achievement of double-digit margins" - BMO
    ** Brokerage says the absence of non-recurring charges in H2
should boost free cash flow to a more competitive level with
peers
    ** 21 of 28 brokerages rate the stock "buy" or higher and 7
"hold"; their median PT is $27 - Refinitiv data
    ** Shares down ~4% this year, as of Friday's close

 (Reporting by Tapanjana Rudra)
 ((Tapanjana.Rudra@thomsonreuters.com;))
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