Northland Securities Reaffirms Their Hold Rating on Medtronic (MDT)

By Austin Angelo

Northland Securities analyst Suraj Kalia maintained a Hold rating on Medtronic (MDTResearch Report) today and set a price target of $84. The company’s shares opened today at $87.22.

Kalia said:

“We are updating our Medtronic model to better represent cc and as-reported growth in some segments relative to company guidance, which skewed our top-line by ~ $100M. FY20 numbers are largely unchanged.”

According to TipRanks.com, Kalia is a 5-star analyst with an average return of 11.2% and a 60.3% success rate. Kalia covers the Healthcare sector, focusing on stocks such as Tactile Systems Technology, Varex Imaging Corporation, and Strata Skin Sciences Inc.

Currently, the analyst consensus on Medtronic is a Moderate Buy with an average price target of $103.40.

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The company has a one-year high of $100.15 and a one-year low of $81.66. Currently, Medtronic has an average volume of 5.61M.

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