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Fly News Breaks for April 14, 2016
BAX
Apr 14, 2016 | 06:35 EDT
Piper Jaffray analyst Brooks West upgraded Baxter International to Overweight saying the company's free cash flow is being underappreciated by investors. The free cash flow provides the company with optionality for a larger deal to drive growth, West tells investors in a research note. He sees Baxter's May 9 analyst day as positive catalyst and recommends owning the shares into the event. The analyst upped his price target for the name to $58 from $39.
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