In a report released today, Kurt Hallead from Benchmark Co. maintained a Buy rating on Baker Hughes Company (BKR – Research Report), with a price target of $40.00. The company’s shares closed last Friday at $29.06.
According to TipRanks, Hallead is a 3-star analyst with an average return of 1.7% and a 36.12% success rate. Hallead covers the Energy sector, focusing on stocks such as Baker Hughes Company, Helmerich & Payne, and Nabors Industries.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Baker Hughes Company with a $40.68 average price target, a 39.99% upside from current levels. In a report released today, Bank of America Securities also reiterated a Buy rating on the stock with a $37.50 price target.
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Baker Hughes Company (BKR) Company Description:
Texas-based Baker Hughes Co. provides a portfolio of technologies and services worldwide. The company operates through four segments: Oilfield Services (OFS), Oilfield Equipment (OFE), Turbomachinery & Process Solutions (TPS), and Digital Solutions (DS).
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