Baker Hughes price target raised to $45 from $40 at Stifel

Stifel raised the firm’s price target on Baker Hughes to $45 from $40 and keeps a Buy rating on the shares following the company’s Q2 “Beat and Raise” report. Baker has posted EBITDA beats for eight straight quarters and is “primed for 2024-26 growth supported by robust backlog,” the analyst tells investors in a post-earnings note.