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.
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 $65 from $55 at BMO Capital
- Baker Hughes price target raised to $65 from $58 at Susquehanna
- Baker Hughes price target raised to $60 from $53 at JPMorgan
- Baker Hughes price target raised to $58 from $57 at Stifel
- Baker Hughes price target raised to $57 from $55 at Barclays