tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Baker Hughes price target raised to $58 from $54 at Jefferies

Jefferies raised the firm’s price target on Baker Hughes (BKR) to $58 from $54 and keeps a Buy rating on the shares. The firm says the company’s acquisition of Chart Industries (GTLS) further strengthens its long-term positioning. The price paid is also reasonable and the targeted synergies are achievable, the analyst tells investors in a research note. Jefferies updated its Baker Hughes model to reflect the combined company.

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue

1