Deutsche Bank Adjusts BHI Estimates

Deutsche Bank said that given Baker Hughes' BHI recent 8-K filing stating that “unusually cold weather in N. America and activity disruptions in Tunisia, Egypt and Libya will likely have a $0.04 - $0.07 negative impact on Q1 EPS (and assuming some spillover in Libya in Q2), we are adjusting our estimates.”

“Our 2011 estimate goes to $3.95 from $4.02,” Deutsche Bank writes. We are maintaining our Street high 2012 estimate of $5.10.”

Baker Hughes closed Thursday at $66.75.