Wells Fargo analyst Larry Biegelsen lowered the firm’s price target on Baxter (BAX) to $36 from $40 and keeps an Equal Weight rating on the shares. The firm said on Friday that it believes Baxter still sounded confident in 2025 outlook for RemainCo of 4%-5% operational sales growth and 16.5% operating margin. Wells’ math puts 2025 Remainco BAX EPS at $2.52.
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