Solventum initiated with a Sell at Rothschild & Co Redburn

Rothschild & Co Redburn initiated coverage of Solventum (SOLV) with a Sell rating and $60 price target The firm believes the company will struggle to accelerate organic growth given its focus on “mature and highly competitive” markets. Solventum’s three divisions have a lack of synergies between, “each with idiosyncratic challenges,” the analyst tells investors in a research note. Rothschild views the company’s mid-term guidance as optimistic.