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Fly News Breaks for May 13, 2019
BAX
May 13, 2019 | 07:40 EDT
JPMorgan analyst Robbie Marcus raised his price target for Baxter International to $88 from $80 saying the company remains a top large-cap pick heading into the second half of 2019. The analyst sees potential for multi-year top and bottom-line upside relative to Street estimates and believes Baxter's "unlevered" balance sheet could be used for "value-creating" acquisitions. He reiterates an Overweight rating on the shares.
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