Baxter Is A Strong Buy: The Turnaround Story You Can't Ignore [Seeking Alpha]
Baxter International Inc. (BAX)
Last baxter international inc. earnings: 4/30 07:15 am
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US:NYSE Investor Relations:
investor.baxter.com
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Source: Seeking Alpha
Play 22min Summary The Federal Reserve's rate cut historically boosts healthcare stocks, and Baxter International's recent downturn presents a buying opportunity due to overblown market reactions. Baxter's acquisition of Hill-Rom and subsequent challenges, including rising input costs and supply chain issues, have been addressed, setting the stage for recovery. The sale of Baxter's kidney care business and debt repayment will strengthen the balance sheet, enabling future share repurchases and margin expansion. With cyclical headwinds behind and a simplified business structure, Baxter is poised for steady growth and a potential re-rating, making it a "Strong Buy" with a $65 target. Morsa Images Thesis The time has finally come. On September 18th, the Federal Reserve slashed rates by 50 basis points. While this has been a pretty exciting time for markets, the question now becomes what works best post-rate cut? To answer that This article was written by Jeffrey Ada
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BAX
News
- Baxter to Host Third-Quarter 2024 Financial Results Conference Call for InvestorsBusiness Wire
- IV fluid supply disruptions prompt Biden administration to invoke wartime powers to bolster recovery [CNN]CNN
- Mass General Brigham postpones all elective surgeries due to lack of IV fluid [CBS News]CBS News
- Hospitals nationwide struggle with IV fluid shortages after Hurricane Helene disrupts supply chain [CBS News]CBS News
- FDA Roundup: October 11, 2024 [Yahoo! Finance]Yahoo! Finance
BAX
Earnings
- 8/6/24 - Beat
BAX
Sec Filings
- 10/9/24 - Form 8-K
- 9/30/24 - Form 8-K
- 9/16/24 - Form 144
- BAX's page on the SEC website