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Fly News Breaks for March 4, 2020
MDT
Mar 4, 2020 | 17:25 EDT
Citi analyst Joanne Wuensch initiated coverage of Medtronic with a Buy rating and $124 price target. The analyst is positive on the company's "robust" pipeline with its Hugo Robotic Assisted Surgery technology set to perform its first-in-human operation early next year as well as its Evolut Pro+ TAVR system and Micra AV transcatheter pacing system. Wuensch adds that she will look for greater accountability and increased tuck-in M&A under the leadership of Medtronic's new CEO Geoff Martha.
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