Baker Hughes price target raised to $37 from $33 at Evercore ISI

Evercore ISI analyst James West raised the firm’s price target on Baker Hughes to $37 from $33 and keeps an Outperform rating on the shares following the company’s Q4 report. The company, which has changed its structure into the two distinct businesses of Oil Services & Equipment and Industrial Energy Technology to improve operational execution and better capitalize on opportunities, will be focused on executing its strategy in 2023, the analyst tells investors.