(News Bulletin 247) – Wells Fargo begins coverage of GE HealthCare with an ‘overweight’ recommendation and a price target of $90, deeming the valuation of the medical equipment group attractive compared to its peers.
“Our hospital capital expenditure survey is positive for GE HealthCare and we believe the company is well positioned to capitalize on the Alzheimer’s disease opportunity,” the broker said.
In numerical terms, Wells Fargo indicates that it forecasts for the group an average annual growth rate in double digits (+ 13.5%) of its EPS over the period 2023-2025, due to an expected expansion of its margins.
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