Stifel Maintains Buy on Baker Hughes, Raises Price Target to $39
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Stephen Gengaro has maintained a 'Buy' rating on Baker Hughes (NASDAQ:BKR) and raised the price target from $37 to $39.
July 20, 2023 | 2:09 pm
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Stifel analyst Stephen Gengaro has maintained a 'Buy' rating on Baker Hughes and raised the price target from $37 to $39. This could potentially lead to an increase in the stock's price.
Analyst ratings and price targets can significantly influence the stock price. A maintained 'Buy' rating indicates a positive outlook for the company. Furthermore, an increase in the price target usually suggests that the analyst believes the stock has the potential to reach a higher price in the future. Therefore, this news could potentially lead to an increase in Baker Hughes' stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100