Medtronic, Inc. (MDT) PT Lowered to $89 at BMO Capital; 'Updating Model for Hurricane Maria... $250M Impact to Manufacturing in PR'

October 10, 2017 10:07 AM EDT
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Price: $126.73 +0.95%

Rating Summary:
    26 Buy, 12 Hold, 0 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 10 | Down: 11 | New: 50
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BMO Capital lowered its price target on Medtronic, Inc. (NYSE: MDT) to $89.00 (from $92.00) while maintaining a Outperform rating, following a model update due to impact of Hurricane Maria.

Analyst Joanne Wuensch notes a cautious outlook following a model update with management citing a $250 million impact to manufacturing in Puerto Rico resulting from Hurricane Maria.



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