A number of firms have modified their ratings and price targets on shares of Baker Hughes (NYSE: BHI) recently:

  • Baker Hughes was upgraded by analysts at ISI Group from a “hold” rating to a “buy” rating. They now have a $62.00 price target on the stock.
  • Baker Hughes had its price target lowered by analysts at Dahlman Rose from $56.00 to $50.00. They now have a “buy” rating on the stock.
  • Baker Hughes had its price target raised by analysts at FBR Capital from $45.00 to $53.00. They now have a “market perform” rating on the stock.
  • Baker Hughes had its “outperform” rating reaffirmed by analysts at Credit Agricole. They now have a $51.00 price target on the stock.
  • Baker Hughes was downgraded by analysts at Tudor Pickering from a “buy” rating to an “accumulate” rating.
  • Baker Hughes had its “overweight” rating reaffirmed by analysts at Barclays Capital. They now have a $58.00 price target on the stock.
  • Baker Hughes had its “hold” rating reaffirmed by analysts at Jefferies Group. They now have a $48.00 price target on the stock.

Baker Hughes traded down 3.57% on Wednesday, hitting $43.48. Baker Hughes has a 1-year low of $37.08 and a 1-year high of $61.90. The company has a market cap of $19.112 billion and a price-to-earnings ratio of 10.76.

Baker Hughes Incorporated (Baker Hughes) is engaged in the oilfield services industry. Baker Hughes is a supplier of oilfield services, products, technology and systems to the worldwide oil and natural gas industry.