Baker Hughes Company (BKR) Tops Q3 EPS by 6c, Revenue Misses

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Go back to Baker Hughes Company (BKR) Tops Q3 EPS by 6c, Revenue Misses

CFRA Upgrades Baker Hughes (BKR) to Hold

October 23, 2024 1:49 PM EDT

CFRA analyst Stewar upgraded Baker Hughes (NASDAQ: BKR) from Sell to Hold with a price target of $39.00 (from $30.00).

The analyst comments "Our 12-month target price of $39, up $9, reflects an 8.5x multiple of enterprise value to projected 2025 EBITDA, in line with BKR's historical forward average. We lift... More