Baker Hughes (BHI) PT Raised to $57 at Jefferies

November 15, 2016 8:22 AM EST
Get Alerts BHI Hot Sheet
Price: $61.98 +0.03%

Rating Summary:
    22 Buy, 19 Hold, 3 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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Jefferies analyst Brad Handler raised his price target on Hold-rated Baker Hughes (NYSE: BHI) to $57.00 (from $48.00).

Handler commented, "We update on a standalone basis, raising estimates on higher incremental margins, revenue and capital efficiency. We haven't yet determined the net impact of GE's acquisition, with trade-offs including synergies and potential revenue pull through vs. GE's track record in O&G and lower exposure to upstream recovery."

For an analyst ratings summary and ratings history on Baker Hughes click here. For more ratings news on Baker Hughes click here.

Shares of Baker Hughes closed at $58.99 yesterday.

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