Bank of America Cuts Price Target for Embecta Amid Medtech Sector Concerns

On May 18, Bank of America analyst Travis Steed reduced the price target on Embecta (NASDAQ:EMBC) from $11 to $3 while maintaining an Underperform rating. The adjustment reflects broader concerns in the medtech sector related to inflationary pressures, healthcare policy uncertainties, and shifting investor preferences toward AI and data center investments.

By Sajjl Nooranne Sun, May 24, 2026 at 2:48 PM GMT+3 2 min read · Yahoo Finance · May 24, 2026, 11:48 UTC

Tickers: $BAC

Topics: Healthcare Medical Technology Stock Analysis

Read the full article at Yahoo Finance

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