TD Cowen Downgrades Baxter Intl to Hold, Announces $40 Price Target
Portfolio Pulse from Benzinga Newsdesk
TD Cowen analyst Joshua Jennings downgrades Baxter Intl (NYSE:BAX) from Buy to Hold and announces a $40 price target.
May 10, 2024 | 10:41 am
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NEGATIVE IMPACT
Baxter Intl was downgraded by TD Cowen from Buy to Hold with a new price target of $40, potentially impacting investor sentiment and the stock's short-term movement.
Downgrades typically lead to negative investor sentiment, potentially causing short-term price declines. The new price target of $40 provides a specific expectation for the stock's future performance, which could influence trading behavior.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100