Baxter International (BAX) PT Raised to $91 at Wells Fargo

June 26, 2019 6:34 AM EDT
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Price: $79.70 -0.24%

Rating Summary:
    20 Buy, 8 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 13 | Down: 13 | New: 72
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Wells Fargo analyst Lawrence Biegelsen raised the price target on Baxter International (NYSE: BAX) to $91.00 (from $89.00) while maintaining an Outperform rating.

The analyst commented, "We recently conducted channel checks in BAX's Medication Delivery (MD) and Nutrition businesses, which remain in recovery mode post-Hurricane Maria and thus are closely watched by investors. Our checks have identified potential drivers that could contribute ~$20MM in US IV Therapy sales from Q1 to Q2, which would represent over half of our estimated Q/Q sales increase for US IV Therapy."

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