Baker Hughes price target raised to $45 from $43 at Jefferies

Jefferies analyst Lloyd Byrne raised the firm’s price target on Baker Hughes to $45 from $43 and keeps a Buy rating on the shares. Jefferies analyst Lloyd Byrne raised the firm’s price target on Baker Hughes to $45 from $43 and keeps a Buy rating on the shares. The analyst says the company continues to execute and delivered Q1 beat. The firm believes company’s OFSE segment is well positioned to capitalize on expected international growth and is adopting the right strategy to position the IET business for long-term growth.