Baker Hughes price target raised to $52 from $50 at JPMorgan

JPMorgan raised the firm’s price target on Baker Hughes (BKR) to $52 from $50 and keeps a Neutral rating on the shares. The firm updated the company’s model post the Q4 report. Despite a relatively high bar heading into the print, Baker’s issued a favorable update given a sizeable Q4 beat and positive 2025 guide and outlook commentary, which continue to support further margin expansion potential, the analyst tells investors in a research note.