This morning, Morgan Stanley upgraded shares of Baker Hughes (NYSE:BHI) from Underweight to Equal Weight. The firm believes the acquisition of BJ Services will drive growth and earnings in the coming quarters. With the upgrade, the firm raised its price target from $70 per share up to $75 per share.
Shares of Baker Hughes were on the move Thursday morning, gaining about one and a half percent so far.
And another acquisition-related upgrade from this morning - Citigroup upgraded shares of Marvel Entertainment (MVL) from Sell to Hold following Disney's $4 billion acquisition of the company. With the upgrade, the firm raised its price target from $31 per share up to $50.
In morning trading, shares of Marvel Entertainment were trading modestly higher, up about one quarter of one percent.
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