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GE HealthCare price target raised to $103 from $96 at Wells Fargo

Wells Fargo analyst Larry Biegelsen raised the firm’s price target on GE HealthCare (GEHC) to $103 from $96 and keeps an Overweight rating on the shares. The firm notes GE HealthCare delivered organic growth of about 2%, while EPS beat consensus and Wells Fargo’s estimates. Given China headwinds, management expects China to decline in the first half of the year, grow in the second half and be down low single digit for 2025.

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