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Analysts Offer Insights on Healthcare Companies: GE Healthcare Technologies Inc (GEHC) and CervoMed (CRVO)

There’s a lot to be optimistic about in the Healthcare sector as 2 analysts just weighed in on GE Healthcare Technologies Inc (GEHCResearch Report) and CervoMed (CRVOResearch Report) with bullish sentiments.

GE Healthcare Technologies Inc (GEHC)

In a report released today, Sezgi Oezener from HSBC initiated coverage with a Buy rating on GE Healthcare Technologies Inc and a price target of $100.00. The company’s shares closed last Wednesday at $83.17.

According to TipRanks.com, Oezener is ranked #6030 out of 8720 analysts.

GE Healthcare Technologies Inc has an analyst consensus of Moderate Buy, with a price target consensus of $88.70, which is a 7.4% upside from current levels. In a report issued on February 6, Wells Fargo also maintained a Buy rating on the stock with a $85.00 price target.

See Insiders’ Hot Stocks on TipRanks >>

CervoMed (CRVO)

Canaccord Genuity analyst Sumant Kulkarni initiated coverage with a Buy rating on CervoMed yesterday and set a price target of $50.00. The company’s shares closed last Wednesday at $14.80, equals to its 52-week high of $14.80.

According to TipRanks.com, Kulkarni is a 4-star analyst with an average return of 4.1% and a 42.7% success rate. Kulkarni covers the Healthcare sector, focusing on stocks such as ACADIA Pharmaceuticals, Zevra Therapeutics, and Cara Therapeutics.

Currently, the analyst consensus on CervoMed is a Moderate Buy with an average price target of $50.00.

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