Wells Fargo analyst Larry Biegelsen maintains $Baxter International Inc (BAX.US)$ with a hold rating, and adjusts the target price from $40 to $36.
According to TipRanks data, the analyst has a success rate of 63.8% and a total average return of 11.8% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Baxter International Inc (BAX.US)$'s main analysts recently are as follows:
Baxter's recent earnings report revealed sales figures that met expectations and EPS that surpassed them, yet the third-quarter performance and subsequent discussions highlighted several complexities. Challenges stemming from hurricane-related disruptions at the North Cove manufacturing facility were notable. These late third-quarter events have significantly influenced the fourth-quarter outlook, with sales and EPS projections falling below the prior consensus. Nevertheless, the management has expressed substantial optimism regarding the future growth trajectory of the RemainCo business, excluding Kidney, anticipating a 4%-5% year-over-year increase in sales operationally by 2025 and targeting 16.5% in adjusted operating margins.
Post-earnings, the expectation is that clarifying the impact of stranded costs will bolster confidence in Baxter's capability to achieve its operating margin goal. It is also believed that there is a measure of caution embedded within the fiscal year 2025 outlook.
Baxter's confidence in its outlook for RemainCo through 2025, with expectations of 4%-5% operational sales growth and a 16.5% operating margin, was noted. Calculations suggest that the 2025 RemainCo Baxter EPS could be around $2.52.
Note:
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