Morgan Stanley Maintains Equal-Weight on Baxter Intl, Lowers Price Target to $39
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Patrick Wood has maintained an Equal-Weight rating on Baxter International (NYSE:BAX) but has reduced the price target from $45 to $39.
December 04, 2023 | 12:35 pm
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Morgan Stanley has maintained its Equal-Weight rating on Baxter International but lowered the price target from $45 to $39, indicating a more cautious outlook on the stock's value.
The reduction in price target by a major financial institution like Morgan Stanley suggests a more conservative valuation of Baxter International, which could lead to a negative short-term reaction in the stock price as investors adjust their expectations.
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