Fly News Breaks for December 17, 2019
Dec 17, 2019 | 06:06 EDT
Morgan Stanley analyst David Lewis downgraded Baxter International to Equal Weight from Overweight with an $88 price target.
News For BAX From the Last 2 Days
Sep 21, 2021 | 13:43 EDT
Raymond James analyst Jayson Bedford resumed coverage of Baxter (BAX) with an Outperform rating and $93 price target. He blames a slowdown in gross margin improvement and slower revenue growth for relative stock price underperformance, but views the Hill-Rom (HRC) deal as "opportunistic" and sees revenue growth and accretion tied to the deal making Baxter "a far more interesting story," Bedford tells investors. The deal to buy Hill-Rom gives him more confidence that Baxter can grow revenue at about 5% pro-forma and will have "visible 10%+ EPS growth," added Bedford.