JPMorgan raised the firm’s price target on Baker Hughes (BKR) to $60 from $53 and keeps an Overweight rating on the shares following the Q4 report. The company’s earnings beat was driven by higher Industrial and Energy Technology unit revenue and margins, the analyst tells investors in a research note.
Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BKR:
- Baker Hughes price target raised to $58 from $57 at Stifel
- Baker Hughes price target raised to $57 from $55 at Barclays
- Baker Hughes: Sustained EBITDA Outperformance, IET-Led Growth, and Cash Generation Drive Upgraded $64 Target
- Baker Hughes Delivers Record 2025 Profitability and Orders
- Baker Hughes sees FY26 adjusted EBITDA up mid-single digits