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Fly News Breaks for November 1, 2018
BAX
Nov 1, 2018 | 07:37 EDT
Leerink analyst Danielle Antalffy lowered her price target for Baxter to $77 from $90 after the shares sold off in reaction to the company's first sales miss since Q4 of 2016 and first downward operational sales growth guidance since the mid-2015 split. However, the analyst believes that a Medication Delivery turnaround is achievable with solid execution. Antalffy reiterates an Outperform rating on the shares.
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