Goldman Sachs Starts Solventum (SOLV) at Sell

Goldman Sachs analyst David Roman initiates coverage on Solventum (NYSE: SOLV) with a Sell rating and a price target of $54.00.

The analyst comments: "We initiate coverage on shares of Solventum (SOLV) with a Sell rating and a 12-month price target of $54, reflecting: (1) lower end-market growth with the company's served WAMGR at ~3.5-4% vs. overall market growth of 4%-6%; (2) Solventum's relative positioning is likely to drive top-line growth in the 0%-2% range for the next several years (adjusting for business exits); and (3) limited details regarding potential upside drivers. As a result, we do not project the company to reach a sustainable sales and earnings profile until 2028 with potential downward EPS revisions."

For an analyst ratings summary and ratings history on Solventum click here. For more ratings news on Solventum click here.

Shares of Solventum closed at $59.72 yesterday.

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