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MDT

Medtronic

$77.54

-0.38 (-0.49%)

10:03
10/13/17
10/13
10:03
10/13/17
10:03

Medtronic, Mercy announce data sharing partnership

Medtronic, and Mercy, the fifth largest Catholic health care system in the U.S., together will establish a new data sharing and analysis network that helps gather clinical evidence for medical device innovation and patient access. This coordinated data network aligns with the Food and Drug Administration's vision to establish a National Evaluation System for health Technology.

MDT Medtronic
$77.54

-0.38 (-0.49%)

10/09/17
STFL
10/09/17
NO CHANGE
Target $83
STFL
Hold
Medtronic Puerto Rico impact likely greater than most anticipated, says Stifel
Stifel analyst Rick Wise noted that Medtronic announced that it estimates both revenue and non-GAAP earnings were unfavorably impacted by "up to" $250M due to Hurricane Maria's impact, which he believes is likely greater than most anticipated. While he suspects the broader Medical Technology group could face some selling pressure after Medtronic's update, he also notes that the company has four Puerto Rico facilities, which is more than most peers, and the company likely did not have as much inventory on hand as peers due to fiscal calendar timing differences. Wise keeps a Hold rating on Medtronic and lowered his price target on the shares to $83 from $91.
10/09/17
10/09/17
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Humana (HUM) downgraded to Neutral from Overweight at JPMorgan with analyst Gary Taylor saying insider sales and the August board appointment render it unlikely that acquisition discussions are yet occurring. 2. Viacom (VIAB) downgraded to Sell from Neutral at Citi with analyst Jason Bazinet saying as media and cable companies jockey "for self-preservation," Charter Communications (CHTR) will likely drop, or significantly curtail, distribution of Viacom's content. 3. PTC Therapeutics (PTCT) downgraded to Underweight from Neutral at JPMorgan with analyst Anupam Rama saying the company's valuation remains at near pre-FDA Advisory Committee meetings levels, despite multiple "mixed / inconclusive / negative" updates recently. 4. Medtronic (MDT) downgraded to Market Perform from Outperform at Wells Fargo with analyst Larry Biegelsen saying a "lull" in major product cycles will drive below average organic sales growth over at least the next few quarters. 5. Symantec (SYMC) was downgraded to Underperform from Market Perform at Cowen and to Hold from Buy at Standpoint Research. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/10/17
BMOC
10/10/17
NO CHANGE
Target $89
BMOC
Outperform
BMO sees $250M impact on Medtronic from hurricane manufacturing disruption
BMO Capital analyst Joanne Wuensch lowered her price target for Medtronic to $89 from $92, modeling a $250M impact on manufacturing in Puerto Rico resulting from Hurricane Maria. Wuensch notes that most of the impact will occur in Q2 of FY18, also lowering her EPS target for the year to $4.63 from $4.78. The analyst kept her Outperform rating on the stock.
10/10/17
NEED
10/10/17
NO CHANGE
Target $94
NEED
Buy
Medtronic shares remain attractive despite hurricane impact, says Needham
Needham analyst Mike Matson lowered his price target on Medtronic to $94 from $95 to account for about $250M estimated negative impact from Puerto Rico manufacturing disruption due to Hurricane Maria. However, the analyst views the impact as temporary, maintaining his Buy rating given the large discount in stock price that Matson sees relative to peers. He also notes that reports of the company's "product cycle demise have been greatly exaggerated" and remains confident that Medtronic can sustain a mid-single digit revenue growth rate.

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TXN

Texas Instruments

$95.18

1.73 (1.85%)

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Options
Texas Instruments calls active as shares see relative strength ahead of earnings »

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EEFT

Euronet

$98.71

1.93 (1.99%)

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Conference/Events
Euronet management to meet with SunTrust »

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NVS

Novartis

$86.19

0.45 (0.52%)

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McDonald's

$164.22

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$86.19

0.45 (0.52%)

MCD

McDonald's

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MMM

3M

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0.8 (0.36%)

UTX

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LLY

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CAT

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GM

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FITB

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CNC

Centene

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1.09 (1.13%)

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Waters

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0.49 (0.26%)

IPG

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WAB

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HUBB

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JBLU

JetBlue

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PII

Polaris Industries

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GPK

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WHR

Whirlpool

$182.85

0.39 (0.21%)

, ARNC

Arconic

$25.05

-2.12 (-7.80%)

13:05
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Earnings
Notable companies reporting after market close »

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WHR

Whirlpool

$182.85

0.39 (0.21%)

ARNC

Arconic

$25.05

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ZION

Zions Bancorp

$46.76

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CR

Crane

$84.02

-0.09 (-0.11%)

OI

Owens-Illinois

$25.35

-0.24 (-0.94%)

RMBS

Rambus

$13.70

0.12 (0.88%)

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COG

Cabot Oil & Gas

$25.39

-0.14 (-0.55%)

13:05
10/23/17
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Options
Cabot Oil & Gas call volume above normal and directionally bullish »

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General news
Treasury Action: the markets are quiet as a wait and see stance prevails »

Treasury Action: the…

NKE

Nike

$53.79

0.73 (1.38%)

12:55
10/23/17
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Options
Nike put volume heavy and directionally bearish »

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ADP

ADP

$115.93

1.31 (1.14%)

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Hot Stocks
ADP 'strongly disagrees' with Glass Lewis' recommendation on director election »

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UTX

United Technologies

$120.73

-0.205 (-0.17%)

12:46
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Technical Earnings Preview: United Technologies in uptrend ahead of news »

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FCX

Freeport McMoRan

$14.78

-0.049 (-0.33%)

12:45
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Options
Freeport McMoRan call volume above normal and directionally bullish »

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AGN

Allergan

$189.61

1.33 (0.71%)

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Periodicals
Allergan has weak balance sheet after large buybacks, WSJ's Grant says »

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SSYS

Stratasys

$23.21

2.26 (10.79%)

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TAL

TAL Education

$34.05

-0.865 (-2.48%)

12:35
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Options
Tal Education Group put volume heavy and directionally bearish »

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LGL

LGL Group

$5.66

0.1 (1.80%)

12:32
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BBW

Build-A-Bear

$8.15

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SYBX

Synlogic

$15.01

-1.46 (-8.86%)

12:28
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Conference/Events
Synlogic management to meet with Jefferies »

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ROIC

Retail Opportunity

$18.76

-0.3 (-1.57%)

12:26
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Retail Opportunity management to meet with Jefferies »

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MCD

McDonald's

$164.42

-1.88 (-1.13%)

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Technical Earnings Preview: McDonald's testing support ahead of earnings »

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XOM

Exxon Mobil

$83.21

0.1 (0.12%)

12:20
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Options
11.7K Exxon Mobile Jan 82.5 - Mar 87.5 call spreads bought for $1.40 »

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$NSD

NASDAQ Market Internals

12:17
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$NYE

NYSE Market Internals

12:16
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12:15
10/23/17
10/23
12:15
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12:15
General news
Treasury Option Action: some "call fly" demand »

Treasury Option Action:…

SAGE

Sage Therapeutics

$63.50

0.58 (0.92%)

12:10
10/23/17
10/23
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Options
Sizable ratio spread in Sage Therapeutics »

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