Standpoint Research Downgrades Medtronic, Inc. (MDT) to Hold; Reducing Exposure
Tweet Send to a FriendGet Alerts MDT Hot Sheet
Price: $52.35 --0%
Rating Summary:
8 Buy, 18 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 8 | Down: 15 | New: 9
Rating Summary:
8 Buy, 18 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 8 | Down: 15 | New: 9
Trade MDT Now!
Standpoint Research downgraded Medtronic, Inc. (NYSE: MDT) from Buy to Hold.
Standpoint analyst, Ronnie Moas, said, "The first name that we are dropping is MDT. We added/reinstated three healthcare equipment names in August and those were MDT, Stryker (NYSE: SYK) and Zimmer (NYSE: ZMH). We want to reduce our exposure there. Attached is our 13-page report on MDT, ZMH and SYK from September for whoever wants additional information. MDT is + 14.7% for us and + 900 bps versus the S&P-500. The shares remain undervalued by 10% but we feel MDT has run its course versus the S&P and we can no longer leave our highest recommendation attached to this name."
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 $34.61 yesterday, with a 52 week range of $30.18-$43.33.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
Standpoint analyst, Ronnie Moas, said, "The first name that we are dropping is MDT. We added/reinstated three healthcare equipment names in August and those were MDT, Stryker (NYSE: SYK) and Zimmer (NYSE: ZMH). We want to reduce our exposure there. Attached is our 13-page report on MDT, ZMH and SYK from September for whoever wants additional information. MDT is + 14.7% for us and + 900 bps versus the S&P-500. The shares remain undervalued by 10% but we feel MDT has run its course versus the S&P and we can no longer leave our highest recommendation attached to this name."
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 $34.61 yesterday, with a 52 week range of $30.18-$43.33.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- UPDATE: UBS Downgrades Carnival (CCL) to Neutral; Worst May Not Be Behind
- UPDATE: Wedbush Downgrades XenoPort (XNPT) to Neutral
- Oppenheimer Downgrades SunTrust Banks (STI) to Perform
Create E-mail Alert Related Categories
DowngradesRelated Entities
Standpoint Research
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
