Sunday, July 20, 2014

The Motley Fool: Why the Market is Wrong About Baxter Stock

Diversified health care player Baxter (NYSE: BAX  ) has done alright so far this year, up almost 10% and ahead of the S&P 500, but there is still a fair bit of skepticism on the name. Analysts continue to fret that Biogen Idec (NASDAQ: BIIB  ) will grab considerable market share in hemophilia and that generic competition for other products will add to the revenue erosion. Although this is a challenging period for the company ahead of data on is own long-acting hemophilia product, approval of HyQ, and real leverage in the renal business, Baxter shares continue to look a little undervalued for patient long-term investors.

Read more here:
Why the Market is Wrong About Baxter Stock

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