Baxter gets a nudge downward


Goldman Sachs removes Baxter International (BAX) from its Conviction List and lowers its PT from $83 to $77 but maintains its Buy recommendation. Since the firm added BAX to its Americas CL in August it is off 7.7% versus the S&P 500's 8.5% gain.

Analyst David Roman cites a higher risk profile due to heightened competition in the plasma business.

Investors appear unconcerned. Shares are up a fraction in early trading.

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Comments (1)
  • DavidBaird
    , contributor
    Comments (196) | Send Message
     
    My thought is that Goldman's price target of $83 might have been a little optimistic to begin with.....
    17 Mar 2014, 07:31 PM Reply Like
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