Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Markets & Finance

Goldman Downgrades Baxter to 'Market Perform'

Goldman Sachs downgraded Baxter International (BAX) to market perform from market outperform.

The company says that Medisystems' blood tubing may be linked to dialysis patient deaths. Analyst Lawrence Keusch says although there's no direct link between Baxter's dialysis equipment and Medisystems' tubing products and the deaths have yet to be established, he believes the issue could prove to be a drag on Baxter's Renal business until the cause of deaths are discerned.

Although Keusch says he remains constructive on Baxter's long-term prospects, given the addition of another overhang for shares and the relative paucity of the expected news flow, he believes Baxter's stock is unlikely to outperform the market in the near term. He maintains his $2.00 2002 earnings per share estimate, and trimmed the $2.32 2002 estimate to $2.31 on reduced renal sales.

blog comments powered by Disqus