Baker Hughes: Good Balance Sheet And Unique Offerings Sending A Buy Signal

4/1/20

By Fluidsdoc, SeekingAlpha

Baker Hughes will make it the other side of the current energy collapse.

Baker has the best balance sheet of the big three which should help with ratings estimates from analysts.

Baker also carries forward the technological benefits of the GE partnership and has put in place new tech JVs to enhance the digital revolution in the oilfield.

We think Baker is a buy just below current levels and the price target set by J.P. Morgan of $18 is realistic, implying a near 90-100% upside.

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