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Medtronic plc (MDT) Gains Momentum Through Diabetes and Cardiovascular Operations
Medtronic plc (MDT) is gaining momentum, particularly in its Diabetes and Cardiovascular divisions, despite some mixed analyst ratings. Truist analyst Richard Newitter maintained a Hold rating but lowered the price target to $103, while Barclays analyst Matt Miksic maintained an Overweight rating and increased the price target to $118, citing a solid third-quarter earnings beat. The company, which is a healthcare technology firm specializing in device-based medical therapies, is recognized by hedge funds as one of the top healthcare equipment stocks.