NYSE:BAXMedical Equipment
Baxter International (BAX): Valuation in Focus After Dividend Cut, Lawsuits, and Infusion Pump Sales Halt
Baxter International (BAX) recently landed in the spotlight after announcing a sharp cut to its quarterly dividend and lowering its annual sales growth outlook. These moves are tied to ongoing operational challenges and cash flow priorities.
At the same time, the company faces multiple class action lawsuits alleging that it concealed defects in its Novum LVP infusion pump. This led to a suspension of new sales for the device and fresh worries about long-term financial and reputational...