Baker Hughes Company Class A (NASDAQ:BKR) faces regional disruption as Norwegian labor strikes cut national petroleum output by about 2.4M boe through July 9, while Barclays holds an Equal-Weight rating and trims its 12‑month price target to $72 from $74, signaling cautious outlook.
Previous Week Recap
- Baker Hughes Output Disrupted By Strikes: Baker Hughes Class A (BKR) saw Norwegian labor strikes cut national petroleum output ~2.4M boe by July 9, disrupting the company’s regional operations and risking further production losses.
- Barclays Keeps Equal-Weight On BKR: Barclays kept an Equal-Weight on Baker Hughes (BKR) and cut its 12-month price target from $74 to $72; this is the lone analyst action reported for BKR.
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