Piper Sandler raised the firm’s price target on Baker Hughes (BKR) to $55 from $53 and keeps an Overweight rating on the shares. The firm notes Baker Hughes continued its momentum as earnings topped estimates by 4% and management laid out a constructive 2025 outlook, anchored by $12.5B-$14.5B of IET orders, up from $13B in 2024, fueling Baker Hughes to outperform the OIH by 440bp on Friday.
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