Analyst Daniel Kutz from Morgan Stanley reiterated a Buy rating on Baker Hughes Company (BKR – Research Report) and keeping the price target at $55.00.
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Daniel Kutz has given his Buy rating due to a combination of factors that highlight Baker Hughes Company’s robust performance and promising outlook. The company’s fourth-quarter financial results exceeded expectations, with revenues and EBITDA outperforming consensus estimates, and its Industrial & Energy Technology orders showing significant growth. This performance underscores the strength and diversity of Baker Hughes’ portfolio.
Looking ahead, Baker Hughes has provided solid guidance for 2025, with strong expectations for its Industrial & Energy Technology segment and moderate growth in its Oilfield Services & Equipment segment. Despite some challenges in North American and international markets, the company’s strategic focus on capital discipline and operational efficiency positions it well for future success. Additionally, Baker Hughes’ ability to maintain a high segment EBITDA margin target further supports the Buy rating, reflecting confidence in its financial resilience and growth potential.
In another report released on February 11, Benchmark Co. also reiterated a Buy rating on the stock with a $57.00 price target.