Barclays lowered the firm’s price target on Baker Hughes (BKR) to $48 from $54 and keeps an Overweight rating on the shares post the earnings report. The firm lowered its 2025 EBITDA by 5%, roughly inline with the stock performance post earnings.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BKR:
- Baker Hughes Reports Strong Q1 2025 Performance
- Baker Hughes Earnings Call: Strong Q1 Amid Oil Market Challenges
- Baker Hughes Company: Strong Financial Performance and Strategic Positioning Justify Buy Rating
- Closing Bell Movers: Tesla jumps on Musk plans to pare back his DOGE work
- Baker Hughes sees Q2 revenue $6.3B-$7B, consensus $6.85B