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MDT

Medtronic

$93.03

0.72 (0.78%)

13:11
11/21/18
11/21
13:11
11/21/18
13:11

Medtronic to acquire Nutrino Health, terms not disclosed

Medtronic announced a definitive agreement under which Medtronic will acquire Nutrino Health, a provider of nutrition-related data services, analytics, and technologies. Medtronic will add Nutrino's "comprehensive food database, food analysis system and nutrition-science expertise" to its capabilities, upon closing of the transaction. This transaction will build on a relationship originated in June 2016. Nutrino played a role in recent U.S. product introductions from Medtronic, including the updated iPro2 myLog app used with professional CGM solutions as well as the Sugar.IQ diabetes assistant app used with the Guardian Connect smart CGM system. The acquisition is expected to close in Medtronic's third fiscal quarter, ending January 25, 2019, subject to the satisfaction of certain customary closing conditions. The transaction is expected to be neutral to fiscal year 2019 earnings per share and meet Medtronic's long-term financial metrics for acquisitions. Additional terms of the transaction were not disclosed.

  • 03

    Dec

MDT Medtronic
$93.03

0.72 (0.78%)

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.
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.
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.
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).

TODAY'S FREE FLY STORIES

QEP

QEP Resources

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0.18 (2.38%)

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AMRS

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$NSD

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$NYE

NYSE Market Internals

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BX

Blackstone

$35.47

0.56 (1.60%)

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Breaking Periodicals news story on Blackstone »

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15:10
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Volatility traders await the first settlement of new SPIKES contracts »

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FLIR

Flir Systems

$49.31

-0.83 (-1.66%)

15:04
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Flir Systems rating change  »

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  • 19

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STNE

StoneCo

$35.33

2.85 (8.77%)

15:04
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  • 18

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YEXT

Yext

$22.91

0.24 (1.06%)

15:00
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BKS

Barnes & Noble

$5.33

0.06 (1.14%)

14:50
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TLRY

Tilray

$70.78

-1.75 (-2.41%)

14:49
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Options
Tilray options imply 15.9% move in share price post-earnings, above median historical move »

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  • 18

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TSLA

Tesla

$270.25

-5.18 (-1.88%)

14:39
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  • 18

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CRAY

Cray

$24.86

-0.3 (-1.19%)

, INTC

Intel

$54.03

-0.29 (-0.53%)

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INTC

Intel

$54.03

-0.29 (-0.53%)

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  • 25

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PTE

PolarityTE

$13.56

-1.9 (-12.29%)

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INTC

Intel

$54.08

-0.24 (-0.44%)

, CRAY

Cray

$24.86

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CRAY

Cray

$24.86

-0.3 (-1.19%)

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  • 25

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PTE

PolarityTE

$13.73

-1.73 (-11.19%)

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GM

General Motors

$37.83

-0.25 (-0.66%)

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Size call write in GM »

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  • 27

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$NSD

NASDAQ Market Internals

$0.00

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$NYE

NYSE Market Internals

$0.00

(0.00%)

14:16
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NYSE market internals summary »

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WMT

Walmart

$99.59

1.32 (1.34%)

14:10
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Options
Walmart calls lead puts 3:1 and implied volatility is at 52-week lows »

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  • 18

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RCII

Rent-A-Center

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