B of A Securities Maintains Buy on Baker Hughes, Raises Price Target to $40
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Chase Mulvehill has maintained a 'Buy' rating on Baker Hughes (NASDAQ:BKR) and raised the price target from $38 to $40.
July 24, 2023 | 6:42 pm
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POSITIVE IMPACT
Baker Hughes' stock price may see a positive impact due to the raised price target by B of A Securities.
The raised price target indicates the analyst's increased confidence in the company's performance. This could lead to increased investor confidence, potentially driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100