Jefferies Maintains a 'Hold' on Medtronic, Inc. (MDT); Challenges Remain, But Things Getting Better
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Price: $51.66 -1.32%
Rating Summary:
8 Buy, 18 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 13 | Down: 28 | New: 13
Rating Summary:
8 Buy, 18 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 13 | Down: 28 | New: 13
Trade MDT Now!
Jefferies maintains a 'Hold' on Medtronic, Inc. (NYSE: MDT) price target of $43.00 (from $39.00).
Analyst, Raj Denhoy, said, "Medtronic reported a more or less in-line quarter, with strong growth in new products (DES, TAVR, AF) continuing to be weighed down by more mature markets (with pacemakers notably weak), and while EM growth remains strong, trends here did decelerate in the quarter. In light of the end market challenges, macroeconomic uncertainties, and fair valuation, we remain at HOLD."
FY13 EPS estimate lowered from $3.92 to $3.86.
For an analyst ratings summary and ratings history on Medtronic, Inc. click here. For more ratings news on Medtronic, Inc. click here.
Shares of Medtronic, Inc. closed at $41.14 yesterday, with a 52 week range of $31.06-$41.79.
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Analyst, Raj Denhoy, said, "Medtronic reported a more or less in-line quarter, with strong growth in new products (DES, TAVR, AF) continuing to be weighed down by more mature markets (with pacemakers notably weak), and while EM growth remains strong, trends here did decelerate in the quarter. In light of the end market challenges, macroeconomic uncertainties, and fair valuation, we remain at HOLD."
FY13 EPS estimate lowered from $3.92 to $3.86.
For an analyst ratings summary and ratings history on Medtronic, Inc. click here. For more ratings news on Medtronic, Inc. click here.
Shares of Medtronic, Inc. closed at $41.14 yesterday, with a 52 week range of $31.06-$41.79.
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