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Fly News Breaks for July 17, 2015
MDT
Jul 17, 2015 | 08:07 EDT
Wells Fargo recommends buying Medtronic shares at current levels, as the firm thinks that the stock's valuation is "relatively attractive," while the company has a strong near-term outlook and can more easily access cash than its peers. The firm adds that the stock's valuation is below that of its peers, while the company's fiscal 2016 EPS guidance is conservative. Wells keeps an Outperform rating on the shares.
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