Baird lowered the firm’s price target on Medtronic (MDT) to $92 from $94 and keeps a Neutral rating on the shares. The firm updated its model following Q4 results which showed underlying fundamentals improving while the diabetes spinoff likely caps its upside.
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Read More on MDT:
- Medtronic Reports Strong FY25 Results and Dividend Increase
- Medtronic’s Strong Financial Performance and Promising Growth Outlook Justify Buy Rating
- Medtronic’s Mixed Outlook: Hold Rating Amid Profitability Concerns and Strategic Initiatives
- Medtronic sees Q1 EPS $1.22-$1.24, consensus $1.32
- MDT Earnings: Medtronic Stock Slips Despite Earnings Beat
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