GE could unlock a lot of value if they can run Baker Hughes better than previous management
After fully incorporating the recent strategic moves related to Baker Hughes’ business, we are raising our fair value to $58 per share from $45. This major increase in valuation results from the in-depth review we recently performed of the firm’s pending merger with GE’s oil and gas business, as well as our updated valuation of the company’s recently spun-off pressure pumping business.Baker inked itself a very good deal in merging with GE, which all told adds about $18 per share to our fair val...
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