RBC Capital has decided to maintain its Outperform rating of Baker Hughes BKR and lower its price target from $35.00 to $33.00.
Shares of Baker Hughes are trading up 1.85% over the last 24 hours, at $26.12 per share.
A move to $33.00 would account for a 26.32% increase from the current share price.
About Baker Hughes
Baker Hughes is a global leader in oilfield services and oilfield equipment, with particularly strong presences in the artificial lift, specialty chemicals, and completions markets. The other half of its business focuses on industrial power generation, process solutions, and industrial asset management, with high exposure to the liquid natural gas market specifically, as well as broader industrials end markets.
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