Baker Hughes price target raised to $57 from $52 at Stifel

Stifel raised the firm’s price target on Baker Hughes (BKR) to $57 from $52 and keeps a Buy rating on the shares. Since the firm published its 2026 energy outlook note, there have been two major developments in the oil service world – the U.S. captured Venezuelan President Nicolas Maduro and appear primed to drive investment in Venezuela and oil service stocks have rallied – the analyst noted. While timing remains unclear, SLB (SLB) and Halliburton (HAL) appear best positioned to benefit from investment in Venezuela, the analyst tells investors.