In a report released today, Pito Chickering from Deutsche Bank maintained a Buy rating on Medtronic (MDT – Research Report), with a price target of $118. The company’s shares closed last Monday at $106.91, close to its 52-week high of $109.70.
Chickering has an average return of 9.1% when recommending Medtronic.
According to TipRanks.com, Chickering is ranked #2173 out of 5240 analysts.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Medtronic with a $115.88 average price target, an 8.4% upside from current levels. In a report issued on August 14, Cowen & Co. also maintained a Buy rating on the stock with a $111 price target.
The company has a one-year high of $109.70 and a one-year low of $81.66. Currently, Medtronic has an average volume of 4.91M.
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