Baxter International Inc. (NYSE:BAX) was downgraded to Hold by Argus Research following a dividend cut to $0.01 per share, aiming to boost cash flow by $300 million for de-leveraging efforts. Revenue for the third quarter was $2.84 billion, missing estimates due to facility disruptions. Stock price has dropped 19% in the past month and 40% year-to-date.

Read more at Yahoo Finance: Argus Research Downgrades Baxter International Inc. (BAX)’s Rating To Hold Following Dividend Cut