Goldman (NYSE:GS) Remains "Neutral" on Baker Hughes (NYSE:BHI)

Saying Schlumberger (NYSE:SLB) and Halliburton (NYSE:HAL) have less execution risk, Goldman Sachs (NYSE:GS) maintains a "Neutral" rating on Baker Hughes (NYSE:BHI) at this time.

Goldman noted, "The company has not been able to bundle in the US, given that its pressure pumping capacity is mostly committed through 1Q11. Management hopes to be able to reach full scale bundling by 4Q2011."

BHI says they're looking to increase their margins internationally to 15 percent in 2011, an increase of 10 percent over their current percentage.

Baker closed Friday at $55.06, up by $0.57, or 1.05 percent. They increased their price target on them from $54 to $56.