Medtronic Reports First Quarter Financial Results
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August 22, 2018 9:10 AM EDT
Oppenheimer analyst Steven Lichtman raised the price target on Medtronic, Inc. (NYSE: MDT) to $104.00 (from $96.00) while maintaining a Perform rating.
Lichtman commented, "Medtronic delivered its third consecutive quarter of strong top-line performance with F1Q19 underlying sales growth of 6.8%, ahead of guidance.... More
August 21, 2018 5:42 PM EDT
RBC Capital analyst Glenn Novarro raised the price target on Medtronic, Inc. (NYSE: MDT) to $104.00 (from $95.00) while maintaining a Outperform rating.
Novarro said FY19 guidance still appears conservative as revenue trends remain robust.
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August 21, 2018 4:40 PM EDT
Evercore ISI analyst Vijay Kumar raised the price target on Medtronic, Inc. (NYSE: MDT) to $103.00 (from $94.00) while maintaining an Outperform rating.
Kumar said what they liked in the quarter:
Organic growth came in well above expectations at 6.8% with strong performance...
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August 21, 2018 12:58 PM EDT
Jefferies analyst Raj Denhoy raised the price target on Medtronic, Inc. (NYSE: MDT) to $109.00 (from $98.00) while maintaining a Buy rating.
Denhoy said the P/E multiple should go higher after the strong quarter.
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August 21, 2018 6:48 AM EDT
Medtronic (NYSE: MDT) reported Q1 EPS of $1.17, $0.06 better than the analyst estimate of $1.11. Revenue for the quarter came in at $7.4 billion versus the consensus estimate of $7.24 billion.
GUIDANCE:
Medtronic sees FY2019 EPS of $5.10-$5.15, versus the consensus of... More
