Medtronic plc (MDT) : Analyst Rating Update

Medtronic plc (MDT) : 20 analysts are covering Medtronic plc (MDT) and their average rating on the stock is 1.78, which is read as a Buy. 12 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Medtronic plc (MDT) also receives 2 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 5 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Medtronic plc (MDT) : The most positive equity analysts on Medtronic plc (MDT) expects the shares to touch $98, whereas, the least positive believes that the stock will trade at $56 in the short term. The company is covered by 14 Wall Street Brokerage Firms. The average price target for shares are $88.11 with an expected fluctuation of $10.8 from the mean.

Medtronic plc (NYSE:MDT): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $86.47 and $86.36 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $87.55. The buying momentum continued till the end and the stock did not give up its gains. It closed at $87.45, notching a gain of 0.96% for the day. The total traded volume was 5,075,933 . The stock had closed at $86.62 on the previous day.

Also, Equity Analysts at the SunTrust Robinson Humphrey maintains the rating on Medtronic plc (NYSE:MDT). The brokerage firm has issued a Buy rating on the shares. The Analysts at the ratings agency raises the price target from $93 per share to $98 per share. The rating by the firm was issued on June 13, 2016. The company shares have rallied 19.49% from its 1 Year high price. On Jul 5, 2016, the shares registered one year high at $87.99 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $83.43 and the 200 Day Moving Average price is recorded at $78.24.

Medtronic plc (Medtronic) is a medical technology and services company. The Company develops, manufactures and markets its medical devices and technologies to hospitals, physicians, clinicians and patients in approximately 160 countries. The Company operates in four segments: Cardiac and Vascular Group, Minimally Invasive Technologies Group, Restorative Therapies Group and Diabetes Group. The Cardiac and Vascular Group segment includes Cardiac Rhythm & Heart Failure, Coronary & Structural Heart and Aortic & Peripheral Vascula. Its Minimally Invasive Technologies Group segment includes Surgical Solutions and Patient Monitoring and Recovery. Its Restorative Therapies Group segment includes Spine, Neuromodulation, Surgical Technologies and Neurovascular. Its Diabetes Group segment includes Intensive Insulin Management, Non-Intensive Diabetes Therapies and Diabetes Services & Solutions. Medtronic, Inc. is a subsidiary of the Company.

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