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Baker Hughes price target lowered to $54 from $55 at Evercore ISI

Evercore ISI lowered the firm’s price target on Baker Hughes (BKR) to $54 from $55 and keeps an Outperform rating on the shares. Driven by its strategic moves in gas infrastructure and power sectors, the company’s commitment to diversification and growth through acquisitions and divestitures is “promising,” the analyst tells investors.

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