01:35 PM EDT, 05/02/2024 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We maintain our 12-month target price of $41, reflecting 12.7x our 2025 EPS estimate, a discount to BAX's historical forward average and peers due to our forecasts of lower sales growth. We maintain our 2024 adjusted EPS estimate at $2.92 and trim our 2025 EPS estimate by $0.06 to $3.23. Q1 EPS of $0.65 vs. $0.59, beat consensus by $0.04. The beat was driven by better-than-expected sales across all product divisions except in the HST segment, and operational improvements in BAX's supply chain network. HST performance was negatively impacted by lower rental revenues and operational challenges. Despite this, BAX increased its full-year 2024 sales growth guidance to between 2% and 3% on a constant currency basis, up from the prior guidance of approximately 2%, and its EPS guidance by $0.03 at the midpoint. We anticipate BAX will try to improve HST performance by implementing new tools focused on increasing visibility of historical purchases and trying to differentiate itself in customer engagement.