Baker Hughes price target raised to $46 from $41 at Barclays

Barclays raised the firm’s price target on Baker Hughes (BKR) to $46 from $41 and keeps an Overweight rating on the shares. Baker posted another strong quarter defined by continued execution and margin expansion, the analyst tells investors in a research note. The firm says the company’s leverage to global gas infrastructure stands apart in both orders and long term recurring revenue.