These Analysts Boost Their Forecasts On Baker Hughes After Strong Q2 Results
Portfolio Pulse from Avi Kapoor
Baker Hughes Company (NASDAQ:BKR) reported strong Q2 earnings, beating analyst estimates for both EPS and revenue. The company raised its full-year guidance midpoint by 5%. Analysts from Stifel and Susquehanna increased their price targets for BKR following the results.
July 29, 2024 | 12:45 pm
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Baker Hughes reported better-than-expected Q2 earnings and raised its full-year guidance. Analysts from Stifel and Susquehanna increased their price targets for the stock.
Baker Hughes' strong Q2 performance and raised guidance indicate robust operational health, likely boosting investor confidence. The increased price targets from analysts further support a positive short-term outlook for the stock.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100