Wells Fargo Upgrades Baker Hughes to Overweight, Raises Price Target to $42
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Roger Read has upgraded Baker Hughes (NASDAQ:BKR) from Equal-Weight to Overweight and increased the price target from $40 to $42.
September 25, 2024 | 1:23 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Wells Fargo has upgraded Baker Hughes to Overweight and increased its price target to $42, indicating a positive outlook on the stock.
The upgrade from Equal-Weight to Overweight by Wells Fargo suggests increased confidence in Baker Hughes' performance. The raised price target from $40 to $42 indicates expectations of stock price appreciation, likely leading to a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100