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Friday, March 29, 2024

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  1. phil

    Baker Hughes +2.8% as three firms raise stock price targets

    Yesterday, 03:58 PM ET · BHI

    • Baker Hughes (BHI +2.8%) enjoys solid gains as at least three firms raise their stock price targets after last week’s better than expected Q1 earnings report.
    • RBC Capital lifted its BHI target to $74 from $70, believing investors have been focused on BHI’s North American margin improvement, upside earnings revision prospects and free cash flow generation.
    • Cowen raised its target to $73 from $59, believing the large-cap diversified companies offering new innovative technologies that save operators time and money will continue to gain market share at the expense of smaller competitors.
    • BMO Capital hiked its price target to $80 from $62. (Briefing.com)
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