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Fly News Breaks for August 23, 2016
MDT
Aug 23, 2016 | 07:28 EDT
Citi analyst Amit Hazan initiated Medtronic with a Buy rating and $102 price target, citing six separate U.S. physician surveys that give confidence that the company can grow sales at over a 6% CAGR through fiscal year 2021. Those above-consensus revenue expectations drive the firm's EPS to come in above the Street as well, the analyst notes.
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