Earnings PerformanceBaxter's shares have been downgraded from Buy to Neutral due to disappointing 2Q earnings results and revised 2025 guidance.
Growth OutlookBaxter’s disappointing 2Q25 performance, full-year guidance reduction, and thus, the 2025 outlook leave analysts feeling that the path to reliably-consistent mid-single-digit sales growth and more-meaningful margin expansion could take longer than previously thought.
Sales And Margin ChallengesSales softness in US Infusion Therapies & Technologies, along with manufacturing inefficiencies and an unfavorable product mix, contributed to a disappointing 2Q25 performance.