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Fly News Breaks for July 2, 2015
BAX
Jul 2, 2015 | 07:05 EDT
Barclays said the new Baxter, following the spinout of Baxalta (BXLT), is now a margin improvement story with EBIT expanding faster than sales and driven by new product launches, cost structure improvements, and portfolio optimizing. The firm sees the biggest catalysts to be Baxter's ability to beat margin guidance. Shares are Overweight rated with a $43 price target.
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