Reported 1 day ago
Stifel has raised its price target for Baker Hughes Company (NASDAQ:BKR) to $50 after the firm reported impressive second-quarter earnings for 2025, surpassing both earnings per share and revenue expectations. The company achieved an adjusted EPS of $0.63, exceeding the forecast of $0.56, and reported revenues of $6.91 billion against an expected $6.63 billion. Stifel's optimism is fueled by a strong backlog for Industrial & Energy Technology (IET) equipment and early signs of demand growth in data centers.
Source: YAHOO