沃特世公司(WAT)周一宣布,将以价值175亿美元的股票和现金交易方式,合并碧迪医疗(BDX)的生物科学与诊断解决方案业务。受此消息影响,WAT股价当日收盘暴跌13.8%,至少两家券商迅速下调了其目标价。市场观点出现显著分歧:Leerink Partners(评级"优于大盘")指出,投资者或从交易中找到安慰,因沃特世CEO Udit Batra曾成功操盘默克集团-西格玛奥德里奇并购案;Jefferies(评级"买入",目标价435美元)则预计短期内争论将围绕协同效应和增长潜力展开,噪音不断。然而,Morningstar(公平价值330美元)持谨慎态度,警告沃特世可能支付过高溢价,即使考虑激进协同目标,碧迪医疗的业务质量也逊于沃特世的传统领域。
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