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MDT

Medtronic

$83.52

0.11 (0.13%)

06:47
08/22/17
08/22
06:47
08/22/17
06:47

Medtronic sees FY18 revenue growth 4%-5%, consensus $29.55B

The company's guidance is given on a comparable, constant currency basis, which accounts for the divestiture of certain businesses in its Patient Monitoring & Recovery division by removing the financial impact of these businesses from the second, third, and fourth quarters of fiscal year 2017, as well as removing the impact of foreign currency. In fiscal year 2018, the company expects comparable, constant currency revenue growth to be in the range of 4 to 5 percent. While the impact of foreign currency remains fluid, if current exchange rates remain similar for the remainder of the fiscal year, the company's revenue would be positively affected by approximately $380 million to $480 million for the fiscal year, including an approximate $25 to $75 million positive impact in the second fiscal quarter.

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    Sep

MDT Medtronic
$83.52

0.11 (0.13%)

08/16/17
PIPR
08/16/17
NO CHANGE
Target $87
PIPR
Overweight
Piper calls Dexcom fears overblown, ups price target to $87
After analyzing the impact of Abbott's (ABT) FreeStyle Libre approval and Medtronic's (MDT) 670G rollout, Piper Jaffray analyst Matt O'Brien believes competitive fears for Dexcom (DXCM) are overblown. The ultimate impact on Dexcom from these technologies "will be less than feared" as FreeStlye Libre is unlikely to get a non-adjunctive claim and the 670G roll out will be slower than expected, O'Brien tells investors in a research note. He expects this to drive multiple expansion for Dexcom shares. The analyst upped his price target for the stock to $87 from $78 and keeps an Overweight rating on the name.
07/31/17
DBAB
07/31/17
NO CHANGE
Target $96
DBAB
Buy
Medtronic attractive following share underperformance, says Deutsche Bank
Deutsche Bank analyst Brittany Henderson believes Medtronic shares represent an attractive investment opportunity after underperforming the broader S&P 500 medical supplies and devices index over the last 12 months. The company is well positioned for the "changing dynamics of the global healthcare environment," Henderson tells investors in a research note tilted "It is Time to Appreciate the Margin Expansion Story; Buy." She views the company as a mid-single digit sales and double digit earnings grower. The analyst reiterates a Buy rating on Medtronic with a $96 price target.
07/06/17
07/06/17
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Nike (NKE) initiated with an Outperform at Raymond James. 2. JPMorgan (JPM) initiated with a Neutral at Goldman Sachs. 3. At Home Group (HOME) initiated with a Buy at SunTrust. 4. Logitech (LOGI) initiated with a Buy at Citi. 5. Medtronic (MDT) initiated with an Outperform at William Blair. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
07/06/17
WBLR
07/06/17
INITIATION
WBLR
Outperform
Medtronic initiated with an Outperform at William Blair
William Blair analyst Kaila Krum started Medtronic with an Outperform rating.

TODAY'S FREE FLY STORIES

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YAHOY

Yahoo Japan

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EPZM

Epizyme

$19.25

1.4 (7.84%)

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CSGP

CoStar Group

$280.60

3.97 (1.44%)

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YEXT

Yext

$12.99

-0.27 (-2.04%)

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FCFS

First Cash Financial

$60.65

0.65 (1.08%)

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VNRX

VolitionRx

$2.75

0.07 (2.61%)

04:55
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SRCL

Stericycle

$70.19

-0.81 (-1.14%)

04:55
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FIVN

Five9

$22.17

0.31 (1.42%)

04:55
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Five9 management to meet with Roth Capital »

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GMS

GMS Inc.

$33.50

-0.38 (-1.12%)

04:55
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  • 20

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HRTG

Heritage Insurance

$11.83

-0.72 (-5.74%)

04:55
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  • 20

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HZNP

Horizon Pharma

$12.10

0.26 (2.20%)

04:55
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Conference/Events
Horizon Pharma management to meet with Jefferies »

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  • 20

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OHI

Omega Healthcare

$32.53

-0.12 (-0.37%)

04:55
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Conference/Events
Omega Healthcare management to meet with Jefferies »

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  • 20

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MZDAF

Mazda

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SFS

Smart & Final Stores

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  • 20

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SRCI

SRC Energy

$8.18

0.16 (2.00%)

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SRC Energy management to meet with JPMorgan »

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AITB

AIT Therapeutics

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  • 20

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ARLP

Alliance Resource Partners

$18.90

-0.05 (-0.26%)

04:55
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  • 20

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EMR

Emerson

$63.21

0.22 (0.35%)

04:55
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Conference/Events
Emerson management to meet with Oppenheimer »

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  • 20

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SCSC

Scansource

$40.70

-0.05 (-0.12%)

04:55
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Conference/Events
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  • 20

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BRG

Bluerock Residential

$10.48

0.06 (0.58%)

04:55
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