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Solventum Raises 2025 Guidance, Gets $82 PT from Wells Fargo After $4B P&F Business Sale

Solventum Corporation (NYSE:SOLV) is one of the best new stocks to buy right now. On September 15, Wells Fargo raised the price target on Solventum to 82from82 from 79, while maintaining an Equal Weight rating on the shares. This sentiment by the firm was posted to reflect the sale of the company’s Purification & Filtration/P&F business. On September 2, Solventum completed the sale of its P&F business to Thermo Fisher Scientific Inc. (NYSE:TMO). The transaction was finalized for a sale price of $4 billion in ...