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Cactus to Acquire Baker Hughes Surface Business
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Cactus, Inc. has completed the acquisition of FlexSteel and is set to acquire Baker Hughes Company's surface pressure control business. These strategic moves aim to enhance Cactus's market position and product offerings, potentially impacting financial performance. Analysts rate Cactus (WHD) stock as a Buy with a $50 price target, citing strong financial health and profitability. However, mixed market signals and challenges such as tariffs and revenue declines are noted. Cactus operates in the oil and gas sector, focusing on engineered products for drilling and production efficiencies.
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