Jefferies analyst Lloyd Byrne raised the firm’s price target on Baker Hughes (BKR) to $67 from $59 and keeps a Buy rating on the shares after the company’s global industry conference presentation. The core message was Baker Hughes’ flexibility to drive solutions in a constantly changing energy landscape, with the focus on the contribution and potential of the power markets and its accretive contribution to Industrial & Energy Technology, the analyst tells investors in a research note.
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