UPDATE: JP Morgan Reiterates Baxter International at Overweight; Gambro Expensive but Worth It
JP Morgan reiterated its Overweight rating on Baxter International (NYSE: BAX ) along with its previous $48 price target. JP Morgan said, "A $4B purchase price would value Gambro at 2.4x 2011 sales and 12.7x 2011 EBITDA. Extrapolating off the 9
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