Seaport Research raised the firm’s price target on Baker Hughes (BKR) to $50 from $43 and keeps a Buy rating on the shares. The firm is “confident” that a clear winner from the election and the likely GOP sweep is natural gas in general and LNG in particular, the analyst tells investors.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% 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:
- Baker Hughes reports U.S. rig count unchanged at 585 rigs
- Citi sees rotation toward energy equities after Trump win
- Baker Hughes awarded contracts to supply Petrobras with flexible pipe systems
- Baker Hughes upgraded to Buy from Hold at Argus
- Baker Hughes price target raised to $48 from $46 at Susquehanna