Raymond James Maintains Outperform Rating for Baxter Intl: Here's What You Need To Know

Raymond James has decided to maintain its Outperform rating of Baxter Intl BAX and lower its price target from $66.00 to $61.00.

Shares of Baxter Intl are trading up 1.95% over the last 24 hours, at $55.02 per share.

A move to $61.00 would account for a 10.87% increase from the current share price.

About Baxter Intl

Baxter offers a variety of medical instruments and supplies to caregivers. It enhanced its portfolio of hospital-focused offerings by acquiring Hillrom in late 2021. Legacy Baxter offers tools to help patients with acute and chronic kidney failure. It also sells a variety of injectable therapies for use in care settings, such as IV pumps, administrative sets, and solutions; nutritional products; and surgical sealants and hemostatic agents. The company offers contract manufacturing services to pharmaceutical companies. The Hillrom transaction has added basic equipment, including hospital beds, to the portfolio, although about half of Hillrom's 2021 revenue came from more digitally connected offerings like its smart beds and Voalte medical communications app.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.