Barclays Maintains an 'Equalweight' on Medtronic (MDT); INFUSE in Focus at NASS
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Price: $93.35 +1.14%
Rating Summary:
25 Buy, 18 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
25 Buy, 18 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Barclays maintains an 'Equalweight' on Medtronic, Inc. (NYSE: MDT) price target of $38.00.
Barclays analyst says, "Of the "hot topics" in spine at the North American Spine Society Meeting (Nov 2-5) we thought that there was the most buzz around biologics and BMP, as the subject came up in all of our meetings. In general, our perception is that BMP is being used less (either in less cases or smaller doses in cases) with some hospitals apparently restricting the use of BMP in spine cases altogether. We think that lower BMP use is likely being replaced by other biologics including NuVasive (Nasdaq: NUVA) OsteoCel, but to a greater extent other cheaper alternatives including allograft."
For more ratings news on Medtronic, Inc. click here and for the rating history of Medtronic, Inc. click here.
Shares of Medtronic, Inc. closed at $34.38 yesterday.
Barclays analyst says, "Of the "hot topics" in spine at the North American Spine Society Meeting (Nov 2-5) we thought that there was the most buzz around biologics and BMP, as the subject came up in all of our meetings. In general, our perception is that BMP is being used less (either in less cases or smaller doses in cases) with some hospitals apparently restricting the use of BMP in spine cases altogether. We think that lower BMP use is likely being replaced by other biologics including NuVasive (Nasdaq: NUVA) OsteoCel, but to a greater extent other cheaper alternatives including allograft."
For more ratings news on Medtronic, Inc. click here and for the rating history of Medtronic, Inc. click here.
Shares of Medtronic, Inc. closed at $34.38 yesterday.
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