Bank of America Downgrades Baxter International To Neutral

Bank of America downgraded Baxter International Inc BAX from Buy to Neutral. The price target for Baxter International has been lowered from $78.00 to $40.00. Baxter International shares have dropped 4.46 percent over the past 52 weeks, while the S&P 500 index has surged 4.63 percent in the same period. Baxter International shares closed at $38.86 yesterday.