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Baxter International (BAX) Gets a Hold from Bank of America Securities

Tipranks - Tipranks - Sat Jun 13, 6:04AM CDT

Bank of America Securities analyst Travis Steed reiterated a Hold rating on Baxter International today and set a price target of $24.00.

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Steed covers the Healthcare sector, focusing on stocks such as Boston Scientific, Intuitive Surgical, and Stryker. According to TipRanks, Steed has an average return of 0.8% and a 49.27% success rate on recommended stocks.

In a report released on May 29, Citi also downgraded the stock to a Hold with a $17.00 price target.

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Based on Baxter International’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $2.7 billion and a GAAP net loss of $15 million. In comparison, last year the company earned a revenue of $2.63 billion and had a net profit of $126 million

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