(News Bulletin 247) – Morgan Stanley started tracking GE HealthCare stock on Tuesday with an ‘online weighting’ recommendation and a price target of $76.
In a research note, the analyst acknowledges that the American equipment manufacturer for the healthcare sector is benefiting from “solid” demand and that its margin objectives seem sensible to it, in particular in view of the promises of its detector technology / photon counter.
But the intermediary also believes that the forecasts established by Wall Street are satisfactory, as is the group’s current stock market valuation, which leads it to begin coverage with a neutral opinion.
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