MASSDEVICE ON CALL —Medtronic (NYSE:MDT) CEO Omar Ishrak this week unloaded 10,000 shares of company stock at an average price of about $53.58 apiece, a sale worth more than $535,000, according to SEC documents.
The per-share price is toward the higher end of the company’s 52-week average range, which has gone from $40.28 to $55.98.
The Minnesota medtech giant has been on something of a roll lately, gaining high marks from many Wall Street analysts. Deutsche Bank has a "hold" rating and a $56 price target on MDT shares, Barclay Capital recently raised their price target from $54 to $56 with an "equal weight" rating and Zacks has a "neutral" rating on the stock with a $55 price target, NorthForkvue.com reported.
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