Baker Hughes (BKR) PT Lowered to $37 at Wolfe Research
Wolfe Research analyst Sam Margolin lowered the price target on Baker Hughes (NASDAQ: BKR) to $37.00 (from $41.00) while maintaining an Outperform rating following EPS.
The analyst commented, "BKR reported EPS in line with cons, and shares are outperforming peers intraday. We think TPS book/bill remains the critical KPI, particularly in the context of potential L48 deceleration (bigger issue for peers)."