RBC Capital Maintains Sector Perform on Medtronic, Raises Price Target to $92
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Shagun Singh has maintained a 'Sector Perform' rating on Medtronic (NYSE:MDT) and increased the price target from $82 to $92.
January 12, 2024 | 7:59 pm
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POSITIVE IMPACT
RBC Capital analyst Shagun Singh maintains a 'Sector Perform' rating on Medtronic and raises the price target from $82 to $92, indicating a positive outlook on the stock.
The increase in price target by RBC Capital suggests a positive sentiment towards Medtronic's stock performance in the short term. This could lead to increased investor confidence and potentially a rise in the stock price as the new target suggests an upside from the current trading level.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100