Bernstein Maintains Outperform on Medtronic, Lowers Price Target to $99
Portfolio Pulse from Benzinga Newsdesk
Bernstein analyst Lee Hambright maintains an Outperform rating on Medtronic (NYSE:MDT) but lowers the price target from $100 to $99.
May 26, 2023 | 10:15 am
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Bernstein maintains Outperform rating on Medtronic, lowers price target to $99.
The news of Bernstein maintaining an Outperform rating on Medtronic indicates a positive outlook for the company. However, the lowering of the price target from $100 to $99 may create some uncertainty among investors, leading to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100