
UBS Remains a Hold on Baker Hughes Company (BKR)
UBS analyst Josh Silverstein reiterated a Hold rating on Baker Hughes Company (BKR – Research Report) today and set a price target of $40.00. The company's shares opened today at $39.34.
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Silverstein covers the Energy sector, focusing on stocks such as Baker Hughes Company, EQT, and Coterra Energy. According to TipRanks, Silverstein has an average return of 7.6% and a 58.79% success rate on recommended stocks.
Baker Hughes Company has an analyst consensus of Strong Buy, with a price target consensus of $48.81.
Based on Baker Hughes Company's latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $6.43 billion and a net profit of $402 million. In comparison, last year the company earned a revenue of $6.42 billion and had a net profit of $455 million
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Globe and Mail
2 hours ago
- Globe and Mail
U.S. Republicans agree to drop retaliatory tax from Trump's big budget bill, citing G7 agreement
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Pillar two has focused on the idea of a global minimum corporate tax in an effort to address concerns that countries are in a race to the bottom to compete with each other through lower taxes. Mr. Bessent's statement only referred to pillar two and did not mention pillar one. Canadian tax experts say it's unclear what this latest development means for the continuing tension between the U.S. and Canada over its DST. It is possible that the DST could be an issue for negotiation in the planned summer negotiations between the two countries on trade. Allison Christians, the H. Heward Stikeman Chair in Tax Law at McGill University, said more details need to emerge before the full implications can be understood. 'The original bill could have increased taxes Canadians pay on certain U.S. investments every year until Canada relinquished its digital services tax and its application of global minimum corporate taxes to U.S. companies,' she said. 'All I know is that they're saying that we've agreed to something that seems to exempt the U.S. companies from a global minimum corporate tax, and I don't understand whether that also means U.S. companies won't have to pay digital services taxes.' Prof. Christians said it was debatable whether the U.S. bill's provisions would have applied in Canada anyway. 'We're in such a state of flux,' she said. Brian Ernewein, a senior adviser at KPMG and a former senior tax official with the federal Finance Department, said many clients have been concerned about the potential implications of the revenge tax. 'It's a very positive result that 899 has come off,' he said in an interview. 'There was high anxiety about it.' Mr. Ernewein reviewed Mr. Bessent's statements, but said it is unclear what exactly the G7 agreement involves. 'There are a lot of questions as to what that means,' he said. With a report from Clare O'Hara in Toronto


Globe and Mail
2 hours ago
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CBC
2 hours ago
- CBC
Treaty 8 First Nations call for 2% resource revenues from projects on their land
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