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MDT

Medtronic

$90.40

-3.28 (-3.50%)

08:26
11/20/18
11/20
08:26
11/20/18
08:26

Medtronic says 'highly focused' on improving free cash flow

Says continues to execute well in emerging markets. Says expanding margins and investing more in R&D. Says expects tax rate for remainder of year to be approximately 15%. Says 'comfortable' with achieving higher end of FY19 organic revenue growth guidance. Says expects to deliver FY19 operating margin improvement of 50 bps. Comments from Q2 earnings conference call.

  • 20

    Nov

  • 03

    Dec

MDT Medtronic
$90.40

-3.28 (-3.50%)

10/16/18
LEHM
10/16/18
INITIATION
LEHM
Barclays starts MedTech sector with Positive view
Barclays analyst Kristen Stewart last night initiated coverage of the MedTech sector with a Positive view. The analyst expects the MedTech market to grow 4%-5% "for the foreseeable future" and believes the recent increase in price-to-earnings multiples in the space is warranted given the improving fundamentals. Looking ahead, she thinks relative P/E multiples "should be at least maintained." Stewart initiated coverage on 12 stocks, with Overweight ratings on Abbott (ABT), Boston Scientific (BSX) Stryker (SYK) and Medtronic (MDT). The analyst put Underweight ratings on Baxter (BAX), Edwards Lifesciences (EW) and Zimmer Biomet (ZBH).
10/16/18
10/16/18
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. Abbott (ABT), Boston Scientific (BSX), Stryker (SYK), and Medtronic (MDT) were initiated with an Overweight at Barclays, while Baxter (BAX), Edwards Lifesciences (EW), and Zimmer Biomet (ZBH) were initiated with an Underweight. 2. Expedia (EXPE) was initiated with an Outperform at Evercore ISI, while TripAdvisor (TRIP) was initiated with an In Line, and Booking Holdings (BKNG) was initiated with an In Line. 3. Facebook (FB) was initiated with a Buy at Loop Capital and Rosenblatt. 4. Snap (SNAP) initiated with a Hold at Loop Capital. 5. VF Corp. (VFC) initiated with a Neutral at Wedbush. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
11/05/18
PIPR
11/05/18
NO CHANGE
PIPR
Overweight
Globus Medical unlikely to be hurt by Medtronic approval, says Piper Jaffray
Piper Jaffray analyst Matt O'Brien noted that Medtronic (MDT) and Mazor Robotics (MZOR) received FDA 510K approval late last week for their new Mazor X Stealth system. He believes that Medtronic is closing the technology gap with Globus Medical (GMED) with the Mazor X Stealth, but he still sees the latter in the lead and thinks new features that Globus intends to introduce this year will keep it there. O'Brien has Overweight ratings on both Globus Medical and Medtronic.
11/06/18
STFL
11/06/18
NO CHANGE
Target $70
STFL
Buy
Stifel still upbeat on IntriCon's long-term prospects after Q3 report
Stifel analyst Jonathan Block said IntriCon's (IIN) stock might see some selling pressure after the company's Q3 revenue of $30.1M came in modestly below his $30.5M forecast, but he remains upbeat on the company's long-term prospects given his view that it is still very early in the process of IntriCon benefiting from Medtronic's (MDT) 670G/690G product cycles. Block keeps a Buy rating and $70 price target on shares of IntriCon, which are down $9.77, or 22%, to $34.52 in morning trading.

TODAY'S FREE FLY STORIES

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Scor

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AUTL

Autolus Therapeutics

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MDSO

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, DASTY

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MDSO

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11.44 (14.51%)

DASTY

Dassault Systemes

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AZRX

AzurRx BioPharma

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0.185 (7.68%)

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HAL

Halliburton

$31.09

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JBLU

JetBlue

$16.84

-0.13 (-0.77%)

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ACHC

Acadia

$29.66

0.16 (0.54%)

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PAG

Penske Automotive

$44.64

-1.305 (-2.84%)

07:48
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Conference/Events
Penske Automotive management to meet with Stephens »

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JBLU

JetBlue

$16.84

-0.13 (-0.77%)

07:47
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  • 23

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JEC

Jacobs Engineering

$78.69

1.755 (2.28%)

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Jacobs Engineering extends contract with Watercare »

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  • 07

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PRIM

Primoris

$22.00

0.14 (0.64%)

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  • 03

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PACW

PacWest Bancorp

$38.85

-0.39 (-0.99%)

07:47
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Conference/Events
PacWest Bancorp management to meet with JMP Securities »

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  • 30

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ISRG

Intuitive Surgical

$490.70

-37.34 (-7.07%)

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  • 25

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NVR

NVR

$3,260.82

173.72 (5.63%)

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  • 02

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LMT

Lockheed Martin

$315.24

0.94 (0.30%)

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CVE

Cenovus Energy

$10.43

0.345 (3.42%)

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  • 24

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NUE

Nucor

$57.00

-0.495 (-0.86%)

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  • 23

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ZTO

ZTO Express

$19.30

-0.3 (-1.53%)

07:43
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Upgrade
ZTO Express rating change  »

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  • 15

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DLR

Digital Realty

$119.37

-1.06 (-0.88%)

07:43
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07:43
Downgrade
Digital Realty rating change at Jefferies »

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  • 25

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WSO

Watsco

$150.99

-0.39 (-0.26%)

07:42
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Earnings
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  • 23

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TWTR

Twitter

$34.39

-0.01 (-0.03%)

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  • 23

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STAG

STAG Industrial

$28.47

-0.405 (-1.40%)

07:42
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Initiation
STAG Industrial initiated  »

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  • 29

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FCPT

Four Corners Property Trust

$27.75

-0.42 (-1.49%)

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  • 24

    Apr

HBCP

Home Bancorp

$36.30

-0.67 (-1.81%)

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  • 03

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