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Fly News Breaks for June 1, 2016
MDT
Jun 1, 2016 | 09:23 EDT
Following a Q4 revenue and EPS beat, Needham analyst Mike Matson says Medtronic's underlying top- and bottom-line growth continues to outpace its peers. However, this is "unfortunately" being masked by currency headwinds, the analyst tells investors in a research note. Matson notes that the company's shares are trading at a discount to large-cap peers, and reiterates a Buy rating and $90 price target on the stock.
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