Solventum initiated with an Equal Weight at Wells Fargo

Wells Fargo analyst Vik Chopra initiated coverage of Solventum with an Equal Weight rating and $69 price target. The analyst expects a multi-year turnaround to improve the company’s growth and bridge performance to end-market growth. Solventum has attractive, large, diverse and growing markets, the analyst tells investors in a research note. The firm sees the potential to unlock value, but says it will take time to level set the business.