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Solventum Corporation (SOLV) Gets a Buy from Stifel Nicolaus

Tipranks - Tipranks - Thu Jan 8, 6:40AM CST

In a report released today, Rick Wise from Stifel Nicolaus maintained a Buy rating on Solventum Corporation, with a price target of $105.00.

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Wise covers the Healthcare sector, focusing on stocks such as Edwards Lifesciences, Masimo, and Medtronic. According to TipRanks, Wise has an average return of 0.9% and a 53.60% success rate on recommended stocks.

In addition to Stifel Nicolaus, Solventum Corporation also received a Buy from BTIG’s Ryan Zimmerman in a report issued on January 2. However, on January 5, Bank of America Securities maintained a Hold rating on Solventum Corporation (NYSE: SOLV).

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Based on Solventum Corporation’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $2.1 billion and a net profit of $1.27 billion. In comparison, last year the company earned a revenue of $2.08 billion and had a net profit of $122 million

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