Solventum Corporation (NYSE:SOLV) ranks among the best medical stocks to buy according to analysts. On July 15, Morgan Stanley upgraded Solventum Corporation (NYSE:SOLV) from Equalweight to Overweight, assigning a price target of $103 for the company’s shares. The upgrade came as Morgan Stanley believes that Solventum Corporation (NYSE:SOLV) can “drive material value over the coming years” after the company’s debt reduction and sale of its P&F segment.
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According to the firm, Solventum Corporation (NYSE:SOLV) can improve organic growth to about 4% and solve cost inefficiencies. In a bull market, this may result in earnings per share of almost $9 by 2028. Additionally, Morgan Stanley notes that investors are now presented with an opportunity, considering Solventum’s management has taken over the company much quicker than expected.
Solventum Corporation (NYSE:SOLV) is a healthcare company that was spun off from the 3M healthcare division. It develops, manufactures, and markets a range of solutions to meet the needs of patients and customers across the globe.
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