Baker Hughes price target raised to $50 from $48 at Jefferies

Jefferies analyst Lloyd Byrne raised the firm’s price target on Baker Hughes (BKR) to $50 from $48 and keeps a Buy rating on the shares. Large cap oilfield services companies are entering 2025 with continued concerns on global activity growth, says the analyst, who believes the key themes to watch include international growth, North American market activity, margins sustainability, shareholder returns and business diversification.

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