Morgan Stanley analyst Daniel Kutz lowered the firm’s price target on Baker Hughes (BKR) to $45 from $55 and keeps an Overweight rating on the shares. “Much has unfolded in the weeks” since Baker Hughes reported Q1 results, says the analyst, who is “risking” estimates, but “less severely” than it is for many peers. In light of updates and factoring the prevailing macro outlook, the firm lowered its consolidated 2025 and 2026 estimates for Baker Hughes revenues by 3% each, for EBITDA by 6% and 5%, and for EPS by 9% and 8%, respectively.
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