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Fly News Breaks for January 3, 2017
BDX, MDT
Jan 3, 2017 | 06:28 EDT
JPMorgan analyst Michael Weinstein downgraded Medtronic (MDT) to Neutral saying the new macro environment of rising rates and a strengthening dollar will make it challenging for the shares to outperform in 2017. He views downward revisions to FY18 consensus estimates as likely and cut his price his price target for the shares to $79 from $84. Weinstein this morning also downgraded Becton Dickinson (BDX) to Neutral.