Baker Hughes (BHI) PT Raised to $57 at Jefferies
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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."
Shares of Baker Hughes closed at $58.99 yesterday.
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Create E-mail Alert Related CategoriesAnalyst Comments, Analyst PT Change
Related EntitiesJefferies & Co, Definitive Agreement
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