Morgan Stanley Maintains Overweight on Baker Hughes, Lowers Price Target to $42
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley has maintained its Overweight rating on Baker Hughes but has slightly lowered the price target from $43 to $42.
September 16, 2024 | 5:03 pm
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Morgan Stanley has maintained its Overweight rating on Baker Hughes, indicating continued confidence in the stock, but has slightly lowered the price target from $43 to $42, suggesting a minor adjustment in expected valuation.
The Overweight rating suggests that Morgan Stanley still sees potential in Baker Hughes, but the slight reduction in the price target indicates a minor adjustment in expectations. This could lead to a neutral short-term impact on the stock price as the overall sentiment remains positive.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100