Goldman Sachs analyst Neil Mehta raised the firm’s price target on Baker Hughes (BKR) to $52 from $51 and keeps a Buy rating on the shares. The firm is cutting its FY24 EPS view by 3c to $2.29 ahead of Q4 results to reflect softer industry activity expectations but also remains positive on the stock given the company’s diversified portfolio and idiosyncratic catalysts that should continue to support share outperformance, the analyst tells investors in a research note.
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