BMO Capital analyst Phillip Jungwirth raised the firm’s price target on Baker Hughes (BKR) to $65 from $55 and keeps an Outperform rating on the shares after its Q4 earnings beat. The quarter demonstrated margin gains and strong demand across IET, Industrial & Energy Technology, end-markets, highlighted by meaningful power exposure, 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 $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
- Baker Hughes: Sustained EBITDA Outperformance, IET-Led Growth, and Cash Generation Drive Upgraded $64 Target