UBS Lowers Price Target on Medtronic, Inc. (MDT); Not Expecting A Lot From Analyst Meeting
Tweet
Share
E-mailGet Alerts MDT Hot Sheet
Price: $91.27 +0.76%
Rating Summary:
25 Buy, 18 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
25 Buy, 18 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Join SI Premium – FREE
UBS maintains a 'Buy' on Medtronic, Inc. (NYSE: MDT) price target lowered from $43 to $41.
Analyst, Rajeev Jashnani, said, "MDT hosting Analyst Meeting on Friday, 6/1: Acknowledging broader market weakness, MDT performance post-F4Q has been disappointing (cheap stock, decent numbers). It seems to us that, for MDT to work, the company needs to convincingly articulate plan to accelerate growth or perhaps increase return to shareholders. On growth, MDT will discuss plans to globalize and reposition for more challenging markets, our concern is whether margins (both $ and %) are compromised. Returning more cash seems plausible but not imminent."
UBS slightly adjusts FY12 EPS estimate from $3.44 to $3.46 and FY13 from $3.65 to $3.66.
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 $36.65 yesterday.
Analyst, Rajeev Jashnani, said, "MDT hosting Analyst Meeting on Friday, 6/1: Acknowledging broader market weakness, MDT performance post-F4Q has been disappointing (cheap stock, decent numbers). It seems to us that, for MDT to work, the company needs to convincingly articulate plan to accelerate growth or perhaps increase return to shareholders. On growth, MDT will discuss plans to globalize and reposition for more challenging markets, our concern is whether margins (both $ and %) are compromised. Returning more cash seems plausible but not imminent."
UBS slightly adjusts FY12 EPS estimate from $3.44 to $3.46 and FY13 from $3.65 to $3.66.
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 $36.65 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Fiserv (FISV) PT Lowered to $60 at Freedom Broker
- Sansera Engineering Ltd (SANSERA:IN) PT Raised to INR4,250 at ICICI Securities
- Stantec Inc. (STN:CN) (STN) PT Lowered to Cdn$169 at Desjardins
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT ChangeRelated Entities
UBSSign 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!
