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2019-01-09 12:33:19
MDT
Medtronic
$84.29
1.29 (1.55%)
12:33
01/09/19
01/09
12:33
01/09/19
12:33
Medtronic CFO Parkhill acquires 3,000 shares for $251,610
Medtronic CFO Karen Parkhill disclosed the purchase of 3,000 shares at a price of $83.87 for a total cost of $251,610. Parkhill now owns 83,680 shares of Medtronic.
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MDTMedtronic
$84.29
1.29 (1.55%)
01/02/19
DBAB
01/02/19 INITIATIONTarget $99 DBAB Buy
Medtronic initiated with a Buy at Deutsche Bank
Deutsche Bank analyst Pito Chickering started Medtronic with a Buy rating and $99 price target. Deutsche had a Buy rating on the shares under analyst Kristen Stewart before going restricted on the name in June of 2018.
01/04/19
PIPR
01/04/19 NO CHANGEPIPR
Piper insulin delivery survey shows Tandem gaining market share
Piper Jaffray conducted an insulin delivery survey in November consisting of 140 patients, physicians and certified diabetes educators, analysts led by JP McKim tell investors in a research note. The firm's top three takeaways from the survey are that the introduction of automated insulin delivery systems will increase pump penetration from ~30% today up into the 40%-45% range, Tandem Diabetes (TNDM) is gaining market share from Medtronic (MDT) though both are going to benefit from the Animas exit, and smart pens are more attractive to current multiple daily injection users compared to those already on a pump. Piper keeps Overweight ratings on both Insulet (PODD) and Tandem given this backdrop. It believes near term upside remains the highest for Tandem.
01/07/19
JPMS
01/07/19 NO CHANGEJPMS Overweight
Medtronic early view for below trend reported EPS growth in FY20, says JPMorgan
JPMorgan analyst Robbie Marcus noted that Medtronic CFO Karen Parkhill discussed expectations for the back half of FY19 and high level views on FY20 at the firm's healthcare conference. For FY19, the company is now expecting organic growth closer to the middle of its 5.0-5.5% range, driven by softness in CVG, said Marcus. The CFO said headwinds from higher tax rates and foreign exchange could push reported EPS growth below the company's long-range target of 8%, but expressed confidence in its ability to still hit its 4% guidance floor, adding that softer reported EPS growth in FY20 should set up FY21 for above trend reported EPS growth, according to Marcus. He maintains an Overweight rating on Medtronic shares, which are down nearly 5% to $83.92 in afternoon trading.
01/08/19
LEHM
01/08/19 NO CHANGETarget $104 LEHM Overweight
Medtronic price target lowered to $104 from $113 at Barclays
Barclays analyst Kristen Stewart lowered her price target for Medtronic to $104 saying management yesterday made some cautious commentary on the near-term sales outlook and recent tax regulation proposals. It seems that Medtronic "is a bit two steps forward and now one step back," Stewart tells investors in a research note. The analyst, who is not surprised by the 6.5% selloff yesterday, keeps an Overweight rating on the shares, citing valuation and Medtronic's longer term growth prospects with its pipeline.