Home Business Medtronic Is Downgraded. Citi Says Harder to ‘Support the Stock.’

Medtronic Is Downgraded. Citi Says Harder to ‘Support the Stock.’

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Medtronic


stock was downgraded to Neutral from Buy by analysts at Citi, who raised concern about the company’s ability to deliver consistent revenue growth.

Medtronic


(ticker: MDT) posted its second-quarter earnings Tuesday. Revenue came in at $7.59 billion, while Wall Street analysts had expected $7.7 billion.

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