Professional
Added to YB: 2024-06-20
Pitch date: 2024-06-12
GEHC [bullish]
GE HealthCare Technologies Inc.
-4.92%
current return
Author Info
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Company Info
GE HealthCare Technologies Inc. engages in the development, manufacture, and marketing of products, services, and complementary digital solutions used in the diagnosis, treatment, and monitoring of patients in the United States, Canada, and internationally.
Market Cap
$32.8B
Pitch Price
$75.01
Price Target
110.00 (+54%)
Dividend
N/A
Sector
Health Care Equipment and Supplies
Category
growth
GE HealthCare Technologies Inc.: Sees stronger revenue growth in 2H24Bullish
GEHC: Argus reiterates Buy, sees stronger 2H24 rev growth & margin expansion from new AI/digital products. 58 FDA-approved AI devices in 2023. Spin-off enables investment in R&D, M&A. 1Q24 EPS +6% despite tough comp. Alzheimer's, cardiac, oncology products & Novo Nordisk diabetes collab drive growth. PT $110 on 15.6x 2025E EPS, attractive given outlook. Risks: Competition, macro, FX, M&A integration.
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