GainersToday.com
GainersToday.com, Tracking Stock Market Picks
Enter Symbol:
 
Medtronic, Inc. (MDT) [hlAlert]

Rating:
Neutral MDT
down 38.18 %

Medtronic, Inc. (MDT) downgraded to Neutral with price target $37 by UBS

Posted on: Wednesday,  Nov 24, 2010  12:25 PM ET by UBS

UBS rated Neutral Medtronic, Inc. (NYSE: MDT) on 11/24/2010. Previously UBS rated Buy Medtronic, Inc. (NYSE: MDT) on 08/20/2008., when
the stock price was $54.94. Since then, Medtronic, Inc. has lost 38.19% as of 11/24/2010's recent price of $33.96.
If you would have followed the previous UBS's recommendation on MDT, you would have lost 38.18% of your investment in 826 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.

UBS is the leading global wealth manager, a top tier investment banking and securities firm, and one of the largest global asset managers. In Switzerland, UBS is the market leader in retail and commercial banking. With headquarters in Zurich and Basel, Switzerland, UBS operates in over 50 countries and from all major international centers. UBS employs more than 80,000 people.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/24/2010 12:25 PM Hold
None
33.96 37.00
as of 12/31/2010
1 Week   
1 Month   
3 Months up  1.13 %
1 YTD down  -22.78 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
8/20/2008 10:25 AM Buy
None
54.94 61.00
5/21/2008 9:25 AM Buy
None
50.18 58.00
9/20/2007 9:25 AM Buy
None
56.10 64.00

(*) Stock Price at the time of the recommendation.
RSS Feed | |  Facebook |  Twitter |  Google Plus
Home | Terms of Use | Advertise | FAQ | Support Page | Contact Us | About Us | Privacy Policy