Benchmark Reiterates Buy Rating on Baker Hughes (BKR)

Benchmark analyst Kurt Hallead reiterated a Buy rating and $57.00 price target on Baker Hughes (NASDAQ: BKR).

He said, "We attended BKR’s AGM in Italy last week and were astounded by the step change in business momentum in its IET segment. Key secular drivers include a robust pipeline of LNG equipment to meet global natural gas demand and Gas Infrastructure to satisfy data center power requirements."

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 $47.41 yesterday.

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