Medical device maker Medtronic, Inc. (
) on Monday received some continued bullish support from analysts
at Oppenheimer & Co.
The firm reiterated its "Outperform" rating on MDT and lifted
its price target from $45 to $48. That new target suggests a 7.5%
upside to the stock's Friday closing price of $44.67.
Oppenheimer said it made the move based on recent peer-group
Medtronic shares were mostly flat in premarket trading
The Bottom Line
Shares of Medtronic (
) have a 2.33% dividend yield, based on Friday's closing stock
price of $44.67. The stock has technical support in the $40-$41
price area. If the shares can firm up, we see overhead resistance
around the $47-$48 price levels.
Medtronic, Inc. (
) is not recommended at this time, holding a Dividend.com DARS™
Rating of 3.4 out of 5 stars.
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, as well as a detailed explanation of
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