Citi analyst Scott Gruber lowered the firm’s price target on Baker Hughes (BKR) to $55 from $56 and keeps a Buy rating on the shares. The firm views the company’s Q3 report as strong but says investors were disappointed since a strategy update was not provided.
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 lowered to $54 from $55 at Evercore ISI
- 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