Morgan Stanley cuts Baker Hughes price target to $68 from $70
Morgan Stanley lowered its Baker Hughes price target to $68 from $70 and kept an Overweight rating, according to Dow Jones Newswires citing Benzinga.
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what happened
Dow Jones Newswires reports that Morgan Stanley lowered its price target on Baker Hughes shares to $68 from $70, while keeping its Overweight rating on the stock.
The information comes from Benzinga's analyst ratings feed, timestamped 17:38 GMT.
why it matters
Price target changes for oilfield service companies come up regularly, but they can reflect new expectations for drilling activity and sector earnings. Keeping the Overweight rating suggests the bank still expects the shares to outperform the broader market.
tags
instruments
sources
- Baker Hughes Price Target Cut to $68.00/Share From $70.00 by Morgan Stanley — Dow Jones Newswires, 29 October 2026 at 17:38 UTC
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