Baker Hughes price target raised to $80 from $69 at BofA

BofA raised the firm’s price target on Baker Hughes (BKR) to $80 from $69 and keeps a Buy rating on the shares. Baker’s “unique position at the intersection of energy/industrial markets continues to drive differentiated financial performance,” the analyst tells investors. The firm is raising its 2026 and 2027 EBITDA estimates by 2% each on stronger IET results and an improved non-Middle East OFSE outlook post the Iran war, the analyst added.