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BTIG Remains a Buy on Solventum Corporation (SOLV)

Tipranks - Tipranks - Wed Jan 28, 8:00AM CST

BTIG analyst Ryan Zimmerman maintained a Buy rating on Solventum Corporation yesterday and set a price target of $100.00. The company’s shares closed yesterday at $79.01.

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Zimmerman covers the Healthcare sector, focusing on stocks such as Solventum Corporation, Organogenesis Holdings, and GE Healthcare Technologies Inc. According to TipRanks, Zimmerman has an average return of -0.2% and a 43.32% success rate on recommended stocks.

In addition to BTIG, Solventum Corporation also received a Buy from KeyBanc’s Brett Fishbin in a report issued on January 25. However, on January 16, 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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