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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April 22nd, 2014 at 7:00 am
Baker Hughes +2.8% as three firms raise stock price targets
Yesterday, 03:58 PM ET · BHI