$SOLV

Jefferies reduced its price target for Solventum Corp. (NYSE:SOLV) to $34 from $43, citing a sector selloff, while maintaining a Buy rating. The firm raised its EBITDA estimates by 7% to 13%, noting the company's $8.9 billion backlog and strong project execution. Solventum's Q2 earnings beat expectations with $2.55 EPS and $2.2B revenue, leading to an improved outlook. Stifel reiterated its Buy rating with a $100 target, adjusting growth estimates for the MedSurg division.

BTIG named Solventum Corporation (NYSE:SOLV) its top medical technology stock pick, maintaining a Buy rating and $95 price target. The firm cited growth potential, strategic initiatives, and strong Q2 results. Management expects a 4-5% organic growth rate and a 12-18 month separation of its Health Information Systems division. BTIG models 4% annual revenue growth and 9% EPS CAGR through 2028.

Several biotech stocks hit 52-week highs on September 1, 2026. MiniMed Group (MMED) rose 10% to $22.74 with 16.6% sales growth. Pulse Biosciences (PLSE) gained 3% to $54.39. Solventum (SOLV) reached $94.16 with 2.2% revenue growth. Royalty Pharma (RPRX) climbed to $62.58 with 14% royalty receipts growth. Apogee Therapeutics (APGE) hit $135.09 and will be acquired by AbbVie for $10.9B.

On Friday, notable insider trading activity was reported for several US-listed companies. Global Water Resources (GWRS) directors bought shares, with Jonathan L. Levine acquiring 651,618 shares at $8.85 each. AEON Biopharma (AEON) director Timothy P. Lynch purchased 1.15M shares at $0.2117 each. Cloudflare (NET) president Michelle Zatlyn sold $28.3M worth of shares. Illumina (ILMN) director Keith A. Meister sold $145.56M in shares. InvestingPro analysis provided valuation insights for these comp

Solventum’s Q2 outlook is driven by its ERP transition wind-down, planned MedTech portfolio streamlining via a HIS separation, and execution of nearly 20 new product launches by early 2028. Management expects ERP cutover disruptions to subside after Q3. The HIS separation could dilute EPS depending on transaction structure. Solventum shares trade at $82.95.

Mizuho updated its U.S. healthcare “Top Picks” list for 2026, citing seven companies across biotech, medical devices, and healthcare services. Highlights include Eyepoint Pharmaceuticals (Duravyu Phase 3 data expected Aug 2026), Vaxcyte (PCV Phase 3 OPUS-1 data in Q4 2026), Erasca (raised about $632.5M in an offering), and Arcutis (Zoryve guidance $480M-$495M for 2026).

Solventum (NYSE:SOLV) reported Q2 results and said normalized organic sales growth was about 4% excluding ERP timing, SKU rationalization headwinds and a partial separation benefit. MedSurg sales were $1.4B (8.9% organic), Dental $396M (15.2%), HIS $354M (5.4%). Gross margin rose to 60.1% on a $100M tariff refund; EPS was $2.55. The company is advancing a potential HIS separation and raised its 2026 outlook.

Solventum said it will separate its health information systems software business, leaving MedSurg and Dental Solutions, as part of its turnaround. The unit accounted for 16.3% of 2025 sales. Solventum raised 2026 organic sales growth to 2.5% to 3% and adjusted profit per share to $7.10 to $7.20. Q2 adjusted EPS was $2.55 on revenue of $2.21B, beating LSEG estimates.

Solventum (NYSE:SOLV) reported Q2 CY2026 results with revenue up 2.2% year on year to $2.21 billion, beating market expectations. Non-GAAP EPS was $2.55, 33.8% above analysts’ consensus. The article also cites trailing 12-month sales of $8.31 billion, flat over two years, and Q2 free cash flow of $144 million. Shares rose 3.7% to $90.75.

Solventum (NYSE: SOLV) reported Q2 2026 sales of $2.2 billion, up 2.2% reported and 9.5% organic. GAAP diluted EPS was $0.53, adjusted $2.55. Operating cash flow was $227 million and free cash flow $144 million. The company said it intends to separate its Health Information Systems segment and raised full-year 2026 guidance for organic sales growth, adjusted EPS and free cash flow.