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

November 15, 2016 8:22 AM EST
Get Alerts BHI Hot Sheet
Price: $66.00 -1.33%

Rating Summary:
    24 Buy, 16 Hold, 3 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 20 | Down: 30 | New: 24
Trade BHI Now!
Join SI Premium – FREE

Find out which companies are about to raise their dividend well before the news hits the Street with StreetInsider.com's Dividend Insider Elite. Sign-up for a FREE trial here.

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.



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In






Related Categories

Analyst Comments, Analyst PT Change

Related Entities

Jefferies & Co, Definitive Agreement

Add Your Comment