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Solventum Corporation (SOLV) Receives a Hold from Wells Fargo

Tipranks - Tipranks - Wed Jan 14, 12:16PM CST

In a report released today, Vik Chopra from Wells Fargo maintained a Hold rating on Solventum Corporation, with a price target of $86.00.

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According to TipRanks, Chopra is a 3-star analyst with an average return of 6.4% and a 44.19% success rate. Chopra covers the Healthcare sector, focusing on stocks such as Globus Medical, Alphatec Holdings, and Solventum Corporation.

In addition to Wells Fargo, Solventum Corporation also received a Hold from Bank of America Securities’s Travis Steed in a report issued on January 5. However, on January 7, Stifel Nicolaus maintained a Buy 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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