Citi raised the firm’s price target on Baker Hughes (BKR) to $64 from $61 and keeps a Buy rating on the shares. Fourth quarter results and 2026 guidance should quell fears of falling order intake, stagnation in industrial and energy technology revenue and limited EBITDA growth, Citi told investors in a research note. The firm added that closing of the Chart acquisition offers further EBITDA upside via cost synergies initially and commercial synergies longer term.
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