Barclays lowered the firm’s price target on Baker Hughes (BKR) to $54 from $55 and keeps an Overweight rating on the shares. Following quarter-end calls with a number of energy services companies, the firm reduced estimates for Q1 and fiscal 2025, primarily due to more pronounced softness in international markets. The U.S. onshore market has also been a bit slower to start the year, the analyst tells investors in a research note.
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