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Fly News Breaks for July 2, 2015
BAX
Jul 2, 2015 | 08:49 EDT
BofA/Merrill downgraded Baxter (BAX) and established a $40 price target following the spinoff of Baxalta (BXLT). The firm believes Baxter is fully valued and its $40 price target already assumes upside to operating margin guidance.
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