Barclays analyst Matt Miksic lowered the firm’s price target on GE HealthCare (GEHC) to $78 from $87 and keeps an Equal Weight rating on the shares. The company reported a Q1 earnings miss and lowered outlook, making it the first medical technology manufacturer to cut guidance due to oil prices and conflict-related pressures, the analyst tells investors in a research note.
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Read More on GEHC:
- GE HealthCare downgraded to Neutral from Buy at Goldman Sachs
- GE HealthCare Earnings Call: Growth Holds, Margins Squeezed
- GE Healthcare Kept at Hold as Analyst Cuts Price Target to $65 on Margin Pressure and Execution Risks
- GE HealthCare price target lowered to $65 from $80 at Citi
- GE HealthCare price target lowered to $80 from $98 at Stifel