Baker Hughes price target raised to $48 from $46 at Jefferies

Jefferies raised the firm’s price target on Baker Hughes to $48 from $46 and keeps a Buy rating on the shares. The stock reacted positively to “strong” Q2 results and positive revisions to FY24 guidance with the company progressing on accomplishing its EBITDA margin targets and the firm expects follow through, the analyst tells investors in a post-earnings note.