Mizuho lowered the firm’s price target on Medtronic (MDT) to $98 from $100 and keeps an Outperform rating on the shares. The firm says the diabetes spinoff is designed to improve the company’s’ earnings growth profile. It believes Medtronic’s stock discount “still looks too steep considering multiple growth shots on goal potential” from the portfolio.
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Read More on MDT:
- Medtronic price target lowered to $92 from $94 at Baird
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