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0.000185048112509259 0.000304712558598516 -0.000420984455958587 0.00064766839378232 0.000771033802121885 0.00141870219590421 0.00132617813964966 0.00218942758450532
Stock impact report

Medtronic has 'significant firepower' for multiple acquisitions, executives say [Yahoo! Finance]

JP Morgan Chase & Co. (JPM) 
Last jp morgan chase & co. earnings: 4/14 06:43 am Check Earnings Report
Company Research Source: Yahoo! Finance
portfolio, executives said at ?a major industry conference that kicked off on Monday in San Francisco. The ?medical device maker has been eyeing tuck-in deals as it seeks to diversify its portfolio, particularly ?in cardiology and neuroscience, with CEO Geoff Martha in November saying that they would prefer companies in "early stage or close to market." The company's balance sheet gives it flexibility to execute a "meaningful number" of transactions without financial strain, Chief Financial Officer Thierry Piéton ?said at the J.P. Morgan ?healthcare conference on Monday. "What's changing versus the last few years is coming back to doing more M&A," he said, adding that ?Medtronic's dividend policy remains unchanged. Medtronic, which makes devices ranging from pacemakers to insulin pumps, reported a 3.7% rise in revenue to $33.6 billion in fiscal 2025. The company is targeting deals in ?the low- to mid-single-digit billions of dollars, choosing targets that will supplement ?it Show less Read more
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