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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%)

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

CARS

Cars.com

$23.94

-0.37 (-1.52%)

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VERI

Veritone

$6.90

1.28 (22.78%)

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NGVT

Ingevity

$86.46

1.31 (1.54%)

20:47
12/10/18
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Initiation
Ingevity initiated  »

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FUL

H.B. Fuller

$41.36

-0.36 (-0.86%)

20:38
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Initiation
H.B. Fuller initiated  »

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EMN

Eastman Chemical

$72.77

-0.36 (-0.49%)

20:29
12/10/18
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20:29
Initiation
Eastman Chemical initiated  »

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DSW

DSW

$23.04

-1.19 (-4.91%)

20:25
12/10/18
12/10
20:25
12/10/18
20:25
Earnings
Notable companies reporting before tomorrow's open »

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  • 11

    Dec

CE

Celanese

$89.79

-1.445 (-1.58%)

20:24
12/10/18
12/10
20:24
12/10/18
20:24
Initiation
Celanese initiated  »

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03/08/13
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ASIX

AdvanSix

$25.33

0.18 (0.72%)

20:18
12/10/18
12/10
20:18
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20:18
Initiation
AdvanSix initiated  »

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GWW

Grainger

$285.60

-3.88 (-1.34%)

20:11
12/10/18
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Initiation
Grainger initiated  »

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  • 24

    Jan

NFLX

Netflix

$269.80

4.66 (1.76%)

20:00
12/10/18
12/10
20:00
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20:00
Initiation
Netflix initiated  »

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VIVHY

Vivendi

$0.00

(0.00%)

19:12
12/10/18
12/10
19:12
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19:12
Periodicals
Vivendi seeks to invest in Trump partner's Indonesia TV unit, Bloomberg says »

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GOOG

Alphabet

$1,040.02

3.5 (0.34%)

, GOOGL

Alphabet Class A

$1,052.80

5.81 (0.55%)

19:05
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19:05
Periodicals
Human rights orgs urge Google to not launch censored app in China, Verge says »

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GOOG

Alphabet

$1,040.02

3.5 (0.34%)

GOOGL

Alphabet Class A

$1,052.80

5.81 (0.55%)

03/08/13
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  • 11

    Dec

  • 03

    Mar

ASNA

Ascena Retail

$2.73

-0.28 (-9.30%)

, ASPU

Aspen Group

$5.66

-0.14 (-2.41%)

18:59
12/10/18
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Hot Stocks
Fly Intel: After Hours Movers »

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ASNA

Ascena Retail

$2.73

-0.28 (-9.30%)

ASPU

Aspen Group

$5.66

-0.14 (-2.41%)

CARS

Cars.com

$23.94

-0.37 (-1.52%)

TROX

Tronox

$7.05

-0.25 (-3.42%)

CR

Crane

$78.23

-0.99 (-1.25%)

SFIX

Stitch Fix

$25.92

-0.42 (-1.59%)

CASY

Casey's General Stores

$119.64

-1.78 (-1.47%)

NX

Quanex

$14.05

-0.13 (-0.92%)

CAMP

CalAmp

$17.02

-0.23 (-1.33%)

RARX

RA Pharmaceuticals

$17.58

1.13 (6.87%)

SAEX

SAExploration

$3.33

-0.11 (-3.20%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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  • 10

    Dec

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    Dec

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    Dec

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    Dec

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    Dec

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    Dec

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    Dec

  • 19

    Dec

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    Dec

TROX

Tronox

$7.05

-0.25 (-3.42%)

18:46
12/10/18
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Hot Stocks
Tronox CEO discloses purchase of 25K shares of common stock »

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ALGT

Allegiant Travel

$124.89

-1.45 (-1.15%)

18:37
12/10/18
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Allegiant reports November total systems traffic up 10.1% »

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SPLK

Splunk

$108.55

2.85 (2.70%)

18:27
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Splunk CEO says customers can now talk via voice-enabled assistants, CNBC says »

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  • 10

    Dec

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    Dec

  • 09

    Jan

EFC

Ellington Financial

$15.57

0.01 (0.06%)

18:22
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Ellington Financial reports book value per share of $19.37 as of Nov. 30th »

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NTDOY

Nintendo

$0.00

(0.00%)

18:22
12/10/18
12/10
18:22
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18:22
Periodicals
New 'Smash Bros.' fastest selling Switch game so far, Gamesindustry.biz says »

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GOOG

Alphabet

$1,040.02

3.5 (0.34%)

, GOOGL

Alphabet Class A

$1,052.80

5.81 (0.55%)

18:15
12/10/18
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18:15
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18:15
Periodicals
Google CEO supports privacy law, denies political bias, Bloomberg says »

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GOOG

Alphabet

$1,040.02

3.5 (0.34%)

GOOGL

Alphabet Class A

$1,052.80

5.81 (0.55%)

03/08/13
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  • 11

    Dec

  • 03

    Mar

APTI

Apptio

$37.86

-0.17 (-0.45%)

18:13
12/10/18
12/10
18:13
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18:13
Downgrade
Apptio rating change at Jefferies »

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03/08/13
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NMRK

Newmark

$8.56

0.21 (2.52%)

18:00
12/10/18
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Hot Stocks
Newmark CEO Barry Gosin buys over $2.6M in company shares »

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EVTC

Evertec

$26.83

-0.365 (-1.34%)

17:52
12/10/18
12/10
17:52
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17:52
Hot Stocks
Evertec EVP Ramirez sells 44,378 common shares »

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  • 11

    Dec

  • 12

    Dec

  • 18

    Dec

ALTM

Altus Midstream Company

$8.50

0.6 (7.59%)

, APA

Apache

$31.27

-1.74 (-5.27%)

17:46
12/10/18
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Apache reports 13.4% stake in Altus Midstream Company »

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ALTM

Altus Midstream Company

$8.50

0.6 (7.59%)

APA

Apache

$31.27

-1.74 (-5.27%)

03/08/13
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RHT

Red Hat

$177.13

0.03 (0.02%)

, IBM

IBM

$121.13

1.77 (1.48%)

17:45
12/10/18
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17:45
Hot Stocks
Red Hat sets January 16 special meeting for vote on IBM merger »

Red Hat, Inc. (RHT)…

RHT

Red Hat

$177.13

0.03 (0.02%)

IBM

IBM

$121.13

1.77 (1.48%)

03/08/13
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  • 03

    Mar

YMAB

Y-mAbs Therapeutics

$22.17

-0.36 (-1.60%)

17:42
12/10/18
12/10
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Hot Stocks
Y-mAbs Therapeutics humanized bispecific GD2 antibody IND receives FDA clearance »

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