Medtronic (MDT) Message Board

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Biotech / Medical : Medtronic (MDT)

MDT 90.20

-0.6%

9:30 AM EST

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To: Thomas J Pittman who started this subject	7/21/2003 1:38:39 PM
From: Jack Hartmann	Read Replies (3) of 687

MDT Medtronic cut to Neutral at Fulcrum (49.39) Fulcrum downgrades to Neutral from Buy, saying the co's sheer size mutes the impact of the co's leading position in the ICD mkt, and the result is that strong growth (in excess of 40% for 4+ qtrs) falls on deaf ears; firm also thinks the likelihood is small that mgmt will meaningfully raise EPS guidance, and considers sector rotation the greatest risk to MDT shares. Jack (no position)

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