Baker Hughes price target raised to $38 from $37 at Evercore ISI

Evercore ISI analyst James West raised the firm’s price target on Baker Hughes to $38 from $37 and keeps an Outperform rating on the shares following the company’s quarterly report. For Baker, 2023 will be "a year of focusing on execution," says the firm, which adds that the company remains well positioned to capitalize on the growth opportunities across its portfolio.