Citi opens two positive, one negative catalyst watches in medical technology

Citi opened a "Positive Catalyst Watch" on both Edwards Lifesciences (EW) and Zimmer Biomet (ZBH) into the Q1 prints and a "Negative Catalyst Watch on Medtronic (MDT). Most medical technology companies met expectations in Q4, which bodes well for Q1, the analyst tells investors in a research note. The firm says the sector has historically "worked" in a "beat and raise environment" and has historically been "recession resistant."