Solventum Corporation (SOLV) Gets a Buy from J.P. Morgan
Solventum Corporation received a Buy rating and price target from J.P. Morgan analyst Mark Strouse on April 6. The company’s shares closed yesterday at $63.25.
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According to TipRanks, Strouse is a 5-star analyst with an average return of 9.9% and a 47.74% success rate. Strouse covers the Technology sector, focusing on stocks such as Canadian Solar, Enphase Energy, and First Solar.
In addition to J.P. Morgan, Solventum Corporation also received a Buy from TipRanks – PerPlexity’s PerPlexity Medical – Care Facilities in a report issued yesterday. However, today, Bank of America Securities maintained a Hold rating on Solventum Corporation (NYSE: SOLV).
Based on Solventum Corporation’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $2 billion and a net profit of $63 million. In comparison, last year the company earned a revenue of $2.08 billion and had a net profit of $31 million
Based on the recent corporate insider activity of 45 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of SOLV in relation to earlier this year. Last month, Amy Mcbride Wendell, a Director at SOLV bought 1,475.00 shares for a total of $100,344.25.
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