Baker Hughes Announces Major Gas Technology Orders for Venture Global LNG

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CFRA Upgrades Baker Hughes (BKR) to Buy

January 31, 2025 12:15 PM EST

CFRA analyst Stewar upgraded Baker Hughes (NASDAQ: BKR) from Hold to Buy with a price target of $54.00 (from $39.00).

The analyst comments "Our 12-month target of $54, up $15, reflects a 10x multiple of enterprise value to projected 2026 EBITDA. The applied multiple is a premium to BKR's... More