Wells Fargo raised the firm’s price target on Solventum (SOLV) to $75 from $73 and keeps an Equal Weight rating on the shares. The Q4 beat was largely expected by the Street and 2025 guidance calls for 1%-2% revenue growth, while EPS guide brackets consensus, the firm says. Up next, Solventum will host an investor day on March 20 where Wells expects management to provide an LRP.
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Read More on SOLV:
- Solventum price target raised to $84 from $75 at Piper Sandler
- Solventum Corporation Reports Strong Q4 2024 Results
- Solventum reports Q4 EPS $1.41, consensus $1.31
- Solventum sees FY25 adjusted EPS $5.45-$5.65, consensus $6.59
- Cautious Hold Rating on Solventum Corporation Amid Strategic Sale and Debt Uncertainties