Medtronic (MDT) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Biotech / Medical : Medtronic (MDT)

MDT 92.21

+2.4%

Nov 7 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Jack Hartmann who wrote (458)	2/24/2000 9:31:00 PM
From: Jack Hartmann	Read Replies (2) of 687

RESEARCH ALERT-Medtronic price targets raised CHICAGO, Feb 24 (Reuters) - Analysts raised their price targets on medical devices maker Medtronic Inc. (NYSE:MDT - news) Thursday after the company reported fiscal 2000 third quarter earnings that were in line with estimates. -- ABN AMRO raised its price target to $60 from $50 and reiterated its buy rating. ``Medtronic's product pipeline is one of the strongest in its sector,' ABN AMRO said in a research note. -- Gruntal raised its intermediate price target to $54 from $45 and its long-term price target to $62 from $50, leaving both ratings at outperformer. On Wednesday, Medtronic reported third-quarter net income before special items of $275.3 million, or 23 cents a share, up from $215.9 million, or 18 cents a share, a year ago. Earnings matched the consensus estimate posted by First Call/Thomson Financial. -- Medtronic shares were up 1/4 at 48-3/4 Thursday. biz.yahoo.com Analysts seem happy. Jack

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next