In a report published Wednesday, BMO Capital Markets reiterated its Outperform rating on Medtronic
MDT, and raised its price target from $50.00 to $52.00.
BMO Capital Markets noted, “Medtronic's FY3Q13 revenue was in line, EPS beat, and management reiterated guidance. In FY3Q13, Medtronic delivered revenue of $4.03B (up 2.8%; up 3.8% ex-fx), in line with the consensus estimate including ICD sales of $654 million that were a bit below the consensus' $668 million (we estimate MDT held share at 44.8% y/y) while other revenue components were either essentially in line or somewhat better than expected (e.g., pacemaker sales were $459 million versus consensus' $448 million). EPS of $0.93 beat our consensus-matching $0.91.”
Medtronic closed on Tuesday at $45.80.
Loading...
Loading...
MDTMedtronic PLC
$89.31-0.47%
Edge Rankings
Momentum
70.28
Growth
57.04
Quality
38.40
Value
25.03
Price Trend
Short
Medium
Long
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|