Morgan Stanley Reiterates Overweight on Baker Hughes, Maintains $37 Price Target
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Connor Lynagh has reiterated an Overweight rating on Baker Hughes (NASDAQ:BKR) and maintained a $37 price target.
July 21, 2023 | 1:19 pm
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Morgan Stanley has reiterated an Overweight rating on Baker Hughes and maintained a $37 price target, indicating a positive outlook for the company.
The reiteration of an Overweight rating by Morgan Stanley indicates that they believe Baker Hughes' stock will outperform the market in the near future. The maintained price target of $37 suggests that they believe the stock is currently undervalued, which could lead to an increase in the stock price.
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