Barclays Maintains Overweight on Baker Hughes, Lowers Price Target to $42
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst David Anderson has maintained an Overweight rating on Baker Hughes (NASDAQ:BKR) but reduced the price target from $43 to $42.

January 26, 2024 | 6:51 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Barclays has maintained an Overweight rating on Baker Hughes but lowered the price target from $43 to $42, indicating a positive outlook with a slightly reduced valuation.
While the reduction in price target could suggest a minor negative adjustment in valuation expectations, the maintenance of an Overweight rating indicates that Barclays' overall view on Baker Hughes remains positive. This mixed signal is likely to have a neutral short-term impact on the stock price as the market digests the slight price target decrease against the backdrop of a positive rating.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100