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Baker Hughes (NASDAQ:BKR) Maintains Positive Outlook from Susquehanna
Financial Modeling Prep· 2026-01-07 19:03
Core Viewpoint - Susquehanna has maintained a "Positive" rating for Baker Hughes and increased the price target from $56 to $58, indicating confidence in the company's future performance [2][5]. Investment Activity - Merit Financial Group LLC increased its investment in Baker Hughes by 144.3% during the third quarter, now holding 22,680 shares valued at approximately $1.1 million [2]. - Norges Bank acquired a new stake in Baker Hughes valued at around $862.7 million, reflecting strong institutional interest [3]. - First Trust Advisors LP increased its holdings by 76% in the second quarter, now owning over 7.4 million shares worth $284.4 million [3]. Stock Performance - Baker Hughes' stock is currently priced at $49.38, with a slight increase of 0.63% [4][5]. - The stock has fluctuated between $48.53 and $49.95 during the day, with a 52-week high of $51.12 and a low of $33.60 [4]. - The company's market capitalization stands at approximately $48.73 billion, with a trading volume of 6,588,536 shares today [4][5].