Morgan Stanley Maintains Overweight Rating for Baker Hughes: Here's What You Need To Know

Morgan Stanley has decided to maintain its Overweight rating of Baker Hughes BKR and raise its price target from $31.00 to $32.00.

Shares of Baker Hughes are trading up 1.85% over the last 24 hours, at $26.12 per share.

A move to $32.00 would account for a 22.49% increase from the current share price.

About Baker Hughes

Baker Hughes is a global leader in oilfield services and oilfield equipment, with particularly strong presences in the artificial lift, specialty chemicals, and completions markets. The other half of its business focuses on industrial power generation, process solutions, and industrial asset management, with high exposure to the liquid natural gas market specifically, as well as broader industrials end markets.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.