Evercore ISI lowered the firm’s price target on Baker Hughes (BKR) to $54 from $55 and keeps an Outperform rating on the shares. Driven by its strategic moves in gas infrastructure and power sectors, the company’s commitment to diversification and growth through acquisitions and divestitures is “promising,” the analyst tells investors.
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 price target raised to $57 from $54 at TD Cowen
- Baker Hughes price target raised to $55 from $53 at Barclays
- Baker Hughes price target raised to $52 from $50 at Stifel
- Baker Hughes: Strong Financial Performance and Strategic Initiatives Drive Buy Rating
- Baker Hughes and Chart Industries Merger: Navigating Complex Risks and Challenges