Piper Sandler keeps Baker Hughes at Overweight but cuts target to $70
Piper Sandler maintained its Overweight rating on Baker Hughes and lowered its price target to $70 from $73, a 4.1% decrease. Source: TradingView.
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what happened
Piper Sandler analysts kept their Overweight rating on Baker Hughes shares and reduced the price target from $73 to $70, a 4.1% cut. According to TradingView, the new target implies a 28.1% upside from the October 28 close of $54.66.
The recent analyst actions list over the past 30 days also includes Citigroup with a Buy rating and a $72 target from October 19, UBS with a Neutral rating and $69 from September 30, Jefferies with a Buy rating and $77 from September 29, and Goldman Sachs with a Buy rating and $71 from September 29. Price targets in this set range from $69 to $77.
Ratings and price target data are provided by TradingView with reference data from Benzinga.
why it matters
A single bank adjusting its price target is a routine event and usually has little effect on the company's stock. For investors in the oilfield services sector, demand for drilling and service work and oil and gas producers' spending plans matter more than one analyst's valuation.
tags
instruments
sources
- Piper Sandler maintains Baker Hughes at Overweight, lowers price target to $70 from $73 — TradingView, 29 October 2026 at 13:44 UTC
- Piper Sandler maintains Happen at Overweight, lowers price target to $20 from $25 — TradingView, 29 October 2026 at 13:56 UTC
- Piper Sandler maintains UMB Financial at Overweight, lowers price target to $169 from $181 — TradingView, 29 October 2026 at 14:08 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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