GE HealthCare's Solid Demand And Sensible Margin Targets: Morgan Stanley Sees Potential Upside Despite Street's High Expectations
Portfolio Pulse from Shivani Kumaresan
Morgan Stanley analyst Patrick Wood initiated coverage on GE HealthCare Technologies Inc (GEHC) with an Equal-Weight rating and a price target of $76. The analyst noted strong Q1 trends across the board for GEHC and its peers, including Abbott Laboratories (ABT), Koninklijke Philips N.V. (PHG), Siemens Healthineers AG (SMMNY), and Intuitive Surgical Inc (ISRG). The analyst sees potential upside for GEHC due to solid demand, sensible margin targets, and a shift in CT technology towards photon counting.
June 27, 2023 | 6:25 pm
News sentiment analysis
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POSITIVE IMPACT
Abbott Laboratories (ABT) was noted for having managed to work through staffing shortages in Q1.
The analyst's mention of ABT's ability to manage through staffing shortages in Q1 indicates a positive outlook for the company. This could potentially lead to an increase in the company's stock price in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Morgan Stanley analyst sees potential upside for GEHC due to solid demand, sensible margin targets, and a shift in CT technology towards photon counting.
The analyst's positive outlook on GEHC, despite a small downside risk to the current share price, is based on strong Q1 trends, solid demand, sensible margin targets, and a shift in CT technology towards photon counting. This could potentially lead to an increase in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Intuitive Surgical Inc (ISRG) was noted for beating in Q1.
The analyst's mention of ISRG's strong performance in Q1 indicates a positive outlook for the company. This could potentially lead to an increase in the company's stock price in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Koninklijke Philips N.V. (PHG) was noted for beating in Q1.
The analyst's mention of PHG's strong performance in Q1 indicates a positive outlook for the company. This could potentially lead to an increase in the company's stock price in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Siemens Healthineers AG (SMMNY) was noted for beating in Q1.
The analyst's mention of SMMNY's strong performance in Q1 indicates a positive outlook for the company. This could potentially lead to an increase in the company's stock price in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50