Standpoint Research Downgrades Baxter International (BAX) to Hold; Another Round of Taking Profits
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Price: $73.04 +0.14%
Rating Summary:
11 Buy, 5 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 1 | New: 6
Rating Summary:
11 Buy, 5 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 1 | New: 6
Trade BAX Now!
Standpoint Research downgraded Baxter International (NYSE: BAX) from Buy to Hold.
Analyst, Ronnie Moas, said, "Baxter is a name I like to trade especially when I am looking to hedge high beta recommendations...you could have bought this at $50 and sold at $60 five times in the last five years. Sometimes it pays to keep things simple and not over-analyze...BAX shares were oversold in late May and are now fairly valued at 13X trailing twelve months earnings. BAX reported this morning and are trading +1.2% (as of 10:30am). I am concerned with the risk/reward in the near term with this market so BAX may remain a good hedge for a bit longer."
For an analyst ratings summary and ratings history on Baxter International click here. For more ratings news on Baxter International click here.
Shares of Baxter International closed at $56.17 yesterday, with a 52 week range of $47.55-$62.50.
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Analyst, Ronnie Moas, said, "Baxter is a name I like to trade especially when I am looking to hedge high beta recommendations...you could have bought this at $50 and sold at $60 five times in the last five years. Sometimes it pays to keep things simple and not over-analyze...BAX shares were oversold in late May and are now fairly valued at 13X trailing twelve months earnings. BAX reported this morning and are trading +1.2% (as of 10:30am). I am concerned with the risk/reward in the near term with this market so BAX may remain a good hedge for a bit longer."
For an analyst ratings summary and ratings history on Baxter International click here. For more ratings news on Baxter International click here.
Shares of Baxter International closed at $56.17 yesterday, with a 52 week range of $47.55-$62.50.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
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