Barclays raised the firm’s price target on Baker Hughes (BKR) to $55 from $53 and keeps an Overweight rating on the shares. The company reported “another strong quarter,” driven by an expanding order book as oil and gas and geothermal expand Baker’s power generation opportunities, As previously reported,
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 price target raised to $52 from $50 at Stifel
- Baker Hughes: Strong Financial Performance and Strategic Initiatives Drive Buy Rating
- Baker Hughes and Chart Industries Merger: Navigating Complex Risks and Challenges
- Baker Hughes Earnings Call: Strong Growth Amid Challenges
- Baker Hughes reports U.S. rig count up 2 to 550 rigs