Loading...
Loading...
In a report published Monday, Goldman Sachs analyst Waqar Syed upgraded the rating on
Baker HughesBHI from Neutral to Buy, and raised the price target from $60.00 to $72.00.
In the report, Goldman Sachs noted, “Given our price increase forecast for drilling rigs and PP, we add PTEN, the second largest land driller and premier Marcellus/Permian pressure pumper, to the CL. HAL – the leading US pressure pumper – is already on the CL. We upgrade BHI to Buy, as an improving PP market should help it reach margin targets.”
Baker Hughes closed on Friday at $61.80.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in