Stifel analyst Stephen Gengaro raised the firm’s price target on Baker Hughes (BKR) to $63 from $58 and keeps a Buy rating on the shares. Conversations with management and customers, as well as facility tours during the firm’s trip to Baker Hughes’ 2026 annual meeting, reinforced the firm’s belief that the company is extremely well positioned for multi-year growth fueled by its diverse, highly differentiated IET segment, the analyst tells investors.
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