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With an annual dividend yield of 3.41%, Medtronic plc (NYSE:MDT) is included among the 10 Best High-Yield Dividend Growth Stocks to Buy Right Now.
On April 22, UBS lowered the firm’s price recommendation on Medtronic plc (NYSE:MDT) to $90 from $104. It reiterated a Neutral rating on the shares. The firm updated its model to reflect the diabetes separation.
On April 24, Jefferies analyst Matthew Taylor lowered the firm’s price objective on MDT to $95 from $108. It kept a Hold rating on the shares. The firm updated its FY26 EPS outlook to reflect MiniMed (MMED) IPO timing and one-time expenses for MiniMed Flex. Jefferies added that Medtronic’s announced one-time $157M charge in Q4 related to the present value of future payments owed to Blackstone for the MiniMed Flex launch added to the EPS guide revision.
On April 20, the company announced it had completed its acquisition of CathWorks, a privately held medical device company, which aims to transform how coronary artery disease (CAD) is diagnosed and treated. The acquisition follows a 2022 strategic partnership with a co-promotion agreement for the CathWorks FFRangio System, where it is commercially available in the U.S., Europe, and Japan. The acquisition is valued at $585 million with potential undisclosed earn-out payments post-acquisition.
Medtronic plc (NYSE:MDT) is a global leader in medical technology, developing, manufacturing, and marketing devices to treat over 70 chronic health conditions, including cardiac disorders, diabetes, and neurological diseases.
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