Wells Fargo analyst Larry Biegelsen lowered the firm’s price target on Medtronic (MDT) to $98 from $106 and keeps an Overweight rating on the shares after the company reported a Q2 revenue beat. Cardiovascular, neuro, and diabetes drove the beat, Wells adds. Medtronic raised FY25 guide to 4.75%-5.0%, and looking to FY26, the firm continues to believe EPS growth could outpace top line.
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