UBS analyst Josh Silverstein raised the firm’s price target on Baker Hughes (BKR) to $48 from $46 and keeps a Neutral rating on the shares ahead of the Q3 earnings report. The firm sees the least downside to estimates at Baker Hughes of the Big 3 Service providers, and sees Baker reporting its 11th consecutive EBITDA guidance midpoint beat, the analyst tells investors in a research note. UBS continues to view the acquisition of Chart Industries (GTLS) positively.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BKR:
- Cautious Optimism for Baker Hughes Amid Strategic Moves and Valuation Concerns
- Baker Hughes reports U.S. rig count unchanged at 549 rigs
- Looking Slick: Are Energy Stocks Too Cheap to Avoid?
- Baker Hughes to supply liquefaction train equipment for Port Arthur LNG project
- Baker Hughes to supply subsea tree systems, services for Petrobras