Baker Hughes sees lower North America activity; bets on foreign demand
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Baker Hughes (BKR) PT Raised to $42 at Benchmark
July 29, 2024 7:11 AM EDTBenchmark analyst Kurt Hallead raised the price target on Baker Hughes (NASDAQ: BKR) to $42.00 (from $40.00) while maintaining a Buy rating.
The analyst comments "OFSE EBITDA margins are expected to hit 19% in the 4Q24 which puts BKRs target of 20% in 2025 easily in reach.... More
Baker Hughes (BKR) PT Raised to $43 at BofA Securities
July 29, 2024 6:34 AM EDTBofA Securities analyst Saurabh Pant raised the price target on Baker Hughes (NASDAQ: BKR) to $43.00 (from $39.00) while maintaining a Buy rating.
The analyst comments "Baker Hughess 2Q24 EBITDA was 8% ahead of the Street. The results demonstrated the strength of the cycle beyond the LNG... More
Baker Hughes (BKR) PT Raised to $43 at Goldman Sachs
July 29, 2024 5:25 AM EDTGoldman Sachs analyst Neil Mehta raised the price target on Baker Hughes (NASDAQ: BKR) to $43.00 (from $39.00) while maintaining a Buy rating.
The analyst comments "We continue to recommend Baker Hughes shares where the company's defensive portfolio of relatively more industrial offerings is likely to continue to... More
Baker Hughes (BKR) PT Raised to $43 at JPMorgan
July 29, 2024 5:15 AM EDTJPMorgan analyst Arun Jayaram raised the price target on Baker Hughes (NASDAQ: BKR) to $43.00 (from $42.00) while maintaining a Overweight rating.
The analyst comments " In the third quarter of 2022, BKR announced a strategic transformation that included a streamlined organizational structure and the appointment of several new leaders including CFO Buese and IET EVP Ramaswamy to execute the companys strategy and lead the company forward. These bold moves by CEO Simonelli to install better athletes into leadership roles has led to more consistent operational and financial performance. This does feel like a... More
Baker Hughes (BKR) PT Raised to $44 at Citi
July 29, 2024 5:02 AM EDTCiti analyst Scott Gruber raised the price target on Baker Hughes (NASDAQ: BKR) to $44.00 (from $42.00) while maintaining a Buy rating.
The analyst comments "Beat and raises have been rare in OFS, but BKR delivered a solid one in 2q. Beyond managing some... More
