Why Are Baxter (BAX) Shares Soaring Today

Shares of Baxter International (BAX) jumped 8.7% after the company reported second-quarter results that surpassed analyst expectations for both revenue and earnings per share. The company also raised its full-year financial forecast, highlighting strong operational performance. This positive news comes shortly after TD Cowen raised its price target on BAX, indicating a more optimistic outlook despite maintaining a "hold" rating.