Medtronic to Acquire Mazor Robotics

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Go back to Medtronic to Acquire Mazor Robotics

Medtronic, Inc. (MDT) PT Raised to $120 at Needham & Company Following Mazor Deal

September 21, 2018 6:46 AM EDT

Needham & Company analyst Mike Matson raised the price target on Medtronic, Inc. (NYSE: MDT) to $120.00 (from $119.00) while maintaining a Strong Buy rating.

Matson commented, "MDT is acquiring MZOR for $58.50 per share or ~$1.6B of cash which is 17.1x our CY19E sales... More