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Stock impact report

UBS and Jefferies Lower Views on Medtronic (MDT) Amid Diabetes Unit Changes [Yahoo! Finance]

Medtronic plc. Ordinary Shares (MDT) 
Last medtronic plc. ordinary shares earnings: 2/18 06:45 am Check Earnings Report
US:NYSE Investor Relations: investorrelations.medtronic.com
Company Research Source: Yahoo! Finance
UBS and Jefferies Lower Views on Medtronic (MDT) Amid Diabetes Unit Changes On April 22, UBS lowered the firm's price recommendation on Medtronic plc (NYSE:MDT) to $90 from $104. It reiterated a Neutral rating on the shares. The firm updated its model to reflect the diabetes separation. On April 24, Jefferies analyst Matthew Taylor lowered the firm's price objective on MDT to $95 from $108. It kept a Hold rating on the shares. The firm updated its FY26 EPS outlook to reflect MiniMed (MMED) IPO timing and one-time expenses for MiniMed Flex. Jefferies added that Medtronic's announced one-time $157M charge in Q4 related to the present value of future payments owed to Blackstone for the MiniMed Flex launch added to the EPS guide revision. On April 20, the company announced it had completed its acquisition of CathWorks, a privately held medical device company, which aims to transform how coronary artery disease (CAD) is diagnosed and treated. The acquisition follows a 2022 strategic Show less Read more
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