Baker Hughes price target raised to $42 from $41 at Citi

Citi raised the firm’s price target on Baker Hughes to $42 from $41 and keeps a Buy rating on the shares. The analyst says stock pulled back despite the company posting an EBITDA beat and offering solid guidance. Not only has Baker’s EBITDA outlook improved on the margin, it is being driven by the higher multiple business, the analyst tells investors in a research note.