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1. Baxter International Inc. (NYSE:BAX) has lost 3% of its value as of 10:31 AM ET after the Deerfield, Illinois-based healthcare company was downgraded from a Neutral to Sell rating by Amit Hazan at Goldman Sachs earlier today. The price target on Baxter International Inc. (NYSE:BAX) was lowered from $88 to $77. The target price is 2% lower than the last closing price. Hazan highlighted the impact of macroeconomic factors and high exposure to resin costs along with crude oil prices as a reason for the downgrade. As of Q4 2021, Baxter International Inc. (NYSE:BAX) was held by 42 hedge funds.

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