Medtronic (MDT) Added to Deutsche Bank's Short-Term Buy List

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Leerink Partners Cuts Price Target on Medtronic (MDT) as Shares Trade Down

September 4, 2015 9:57 AM EDT

Leerink Partners miantained a Market Perform rating on Medtronic, Inc. (NYSE: MDT), and cut the price target to $76.00 (from $85.00), after shares traded down. Shares traded lower yesterday despite reporting another mid-to-high single digit sales growth quarter.

Analyst Danielle Antalffy commented, "MDT shares traded lower yesterday despite reporting yet another -- its 3rd consecutive -- mid-to-high single digit... More