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Solventum initiated with a Sector Weight at KeyBanc

KeyBanc initiated coverage of Solventum (SOLV) with a Sector Weight rating and no price target The firm says the company’s “complex spin” from 3M is off to an “encouraging start.” However, it awaits greater visibility into a sustainable revenue growth turnaround before recommending the shares. Solventum’s current visibility is somewhat limited, the analyst tells investors in a research note.

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