Citigroup Maintains Buy on Baker Hughes, Lowers Price Target to $42
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Scott Gruber maintains a Buy rating on Baker Hughes but lowers the price target from $44 to $42.
September 27, 2024 | 6:27 pm
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NEUTRAL IMPACT
Citigroup analyst Scott Gruber maintains a Buy rating on Baker Hughes but lowers the price target from $44 to $42.
The maintenance of a Buy rating suggests continued confidence in Baker Hughes' performance, but the lowered price target indicates some caution about future growth. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100