Morgan Stanley Maintains Overweight on Baker Hughes, Raises Price Target to $37
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Connor Lynagh has maintained an 'Overweight' rating on Baker Hughes (NASDAQ:BKR) and raised the price target from $35 to $37.
July 17, 2023 | 1:20 pm
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POSITIVE IMPACT
Morgan Stanley has maintained an 'Overweight' rating on Baker Hughes and raised the price target from $35 to $37, which could positively impact the stock.
The 'Overweight' rating indicates that Morgan Stanley expects Baker Hughes to outperform the market. The increase in the price target from $35 to $37 suggests that the analyst sees more upside potential in the stock. This could lead to increased investor confidence and a potential rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100