RBC Capital raised the firm’s price target on Baker Hughes (BKR) to $53 from $49 and keeps an Outperform rating on the shares after its Q4 earnings beat. The company’s results demonstrate the strength of the cycle beyond the LNG market while the management’s self-help efforts support continued margin expansion, the analyst tells investors in a research note.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BKR:
- Baker Hughes price target raised to $55 from $53 at Susquehanna
- Baker Hughes price target raised to $54 from $52 at Evercore ISI
- Baker Hughes price target raised to $57 from $51 at TD Cowen
- Baker Hughes price target raised to $54 from $48 at Stifel
- Baker Hughes price target raised to $55 from $53 at Piper Sandler