Analyst: Healthcare Stock Faces 2 Key Pressure Points
GE HealthCare Technologies (GEHC) Schaeffers Investment Research·2024-09-26 21:22
Shares of GE HealthCare Technologies Inc (NASDAQ:GEHC), a spinoff of General Electric (GE), are down 1.9% before the opening bell after a bear note from UBS. The analyst downgraded GEHC to "sell" from "neutral," citing worries over near- to mid-term growth potential and vulnerability to competition in the Chinese Medtech market. Of the 18 brokerages covering GE HealthCare stock, 11 carried a "strong buy" recommendation coming into today, while the remaining seven rated it a lukewarm "hold." This leaves plen ...