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Medtronic, Inc. (MDT) [hlAlert]

Rating:
Hold MDT

Medtronic, Inc. (MDT) rated Hold by Stifel Nicolaus

Posted on: Tuesday,  Nov 20, 2012  9:25 AM ET by Stifel Nicolaus

Stifel Nicolaus rated Hold Medtronic, Inc. (NYSE: MDT) on 11/20/2012. Previously Stifel Nicolaus rated Buy Medtronic, Inc. (NYSE: MDT) on 03/30/2010.,
when the stock price was $45.29. Since then, Medtronic, Inc. has lost 28.79% as of 09/02/2010's recent price of $32.25.
If you would have followed the previous Stifel Nicolaus's recommendation on MDT, you would have lost 28.79% of your investment in 156 days.

Medtronic, Inc. (Medtronic) is a global player in medical technology. The Company operates in seven segments that manufacture and sell device-based medical therapies: Cardiac Rhythm Disease Management, Spinal, CardioVascular, Neuromodulation, Diabetes, Surgical Technologies and Physio-Control. Through these seven segments, the Company develops, manufactures and markets its medical devices in more than 120 countries. Its primary products include those for cardiac rhythm disorders, cardiovascular disease, neurological disorders, spinal conditions and musculoskeletal trauma, urological and digestive disorders, diabetes, and ear, nose and throat conditions. The primary markets for products are the United States, Western Europe and Japan. In July 2008, it acquired Restore Medical, Inc. In November 2008, Medtronic acquired CryoCath Technologies Inc. In February 2009, it acquired Ablation Frontiers, Inc. and Ventor Technologies Ltd. In April 2009, Medtronic acquired CoreValve, Inc.

Stifel Nicolaus research focuses on all market caps, but is a leader in small- and mid-cap research. The department is staffed predominately with industry professionals from outside Wall Street. In fact, approximately 50% of its analysts have hands-on work experience in the industry that they research. Stifel Nicolaus believes industry experience, its opportunistic approach, and broad market cap coverage drive excess returns and its award-winning franchise.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/20/2012 9:25 AM Hold
None
42.51
as of 12/31/2012
1 Week   
1 Month   
3 Months   
1 YTD   
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
9/2/2010 8:25 AM Hold
None
32.25 37.00
3/30/2010 9:25 AM Buy
None
45.29 51.00
10/11/2007 9:25 AM Buy
None
57.47 64.00

(*) Stock Price at the time of the recommendation.
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