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Medtronic, Inc. (MDT) [hlAlert]

Rating:
Buy MDT
up 17.31 %

Medtronic, Inc. (MDT) rated Buy with price target $91 by Needham

Posted on: Wednesday,  Jun 3, 2015  8:25 AM ET by Needham

Needham rated Buy Medtronic, Inc. (NYSE: MDT) on 06/03/2015. Previously Needham rated Buy Medtronic, Inc. (NYSE: MDT) on 09/30/2014., when
the stock price was $62.67. Since then, Medtronic, Inc. has gained 17.31% as of 08/27/2015's recent price of $73.52.
If you would have followed the previous Needham's recommendation on MDT, you would have gained 17.31% of your investment in 331 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.

Needham & Company, LLC focuses on emerging growth companies in technology, biotechnology and life sciences. The firm's research goal is to service the needs of growth-oriented institutional clients. Needham & Company has established itself as a premier specialty investment bank providing timely and valuable analysis on companies that are under-covered by the majority of Wall Street firms.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
6/3/2015 8:25 AM Buy
None
91.00
as of 10/17/2014
1 Week down  -3.30 %
1 Month down  -1.08 %
3 Months   
1 YTD down  -1.08 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
5/20/2015 8:25 AM Buy
None
78.54 90.00
1/6/2015 8:25 AM Buy
None
71.64 84.00
9/30/2014 8:25 AM Buy
None
62.67 74.00

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