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Fly News Breaks for June 6, 2018
MDT
Jun 6, 2018 | 07:46 EDT
Needham analyst Mike Matson raised his price target for Medtronic to $103 from $97 and reiterated a Buy rating following the company's investor day in New York City, which he says increased his confidence in the company's product portfolio and that its new financial targets, including organic revenue growth for FY18-FY22 of 4%+, adjusted EPS growth of 8%+ and operating margin expansion of 40-50bps per year, are "realistic" and "achievable."