GE HealthCare stock had a great start, more gains lie ahead, Barron’s says

GE HealthCare (GEHC) was spun out of General Electric (GE) after a tough 2022, a year marred by supply-chain problems and inflation. Investors, though, like what they’ve seen from the company so far in 2023, the inaugural year for the newly independent company, with the stock gaining 26% since its public debut, Al Root writes in this week’s edition of Barron’s. GE HealthCare expects to grow sales at a mid-single-digit annual percentage rate while expanding profit margins to almost 20%. That growth and profit equation could yield earnings per share of more than $6 by mid-decade. If GE HealthCare stock trades in line with the market at that point, shares would be about $110 apiece-a 20% annualized gain, the author notes. Reference Link