This Is What Whales Are Betting On Medtronic
Portfolio Pulse from Benzinga Insights
A whale investor has taken a bearish stance on Medtronic (NYSE:MDT), with 72% of detected trades having bearish expectations. Whales have been targeting a price range of $83.0 to $97.5 for Medtronic over the last 3 months. Wells Fargo and Barclays have upgraded their ratings to Overweight with price targets of $100 and $104, respectively, while Truist Securities maintains a Hold rating with a $93 price target.
May 23, 2023 | 6:31 pm
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NEGATIVE IMPACT
Whale investor takes a bearish stance on Medtronic, with 72% of detected trades being bearish. Analysts have mixed ratings, with Wells Fargo and Barclays upgrading to Overweight and Truist maintaining a Hold rating.
The bearish stance taken by the whale investor, who has a significant amount of money to spend, indicates a potential negative short-term impact on Medtronic's stock price. However, the mixed analyst ratings from Wells Fargo, Barclays, and Truist Securities show that there is still some uncertainty in the market, which could limit the downside potential.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100