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Medtronic (MDT) NewsBite - MDT Upgraded By Credit Suisse

Nov 05, 2009 (Fresh Brewed Media via COMTEX) --

Company: Medtronic, Inc. (MDT)

Medtronic (MDT) was upgraded today by analysts at Credit Suisse and the stock is now at $38.32, up $1.77 (4.84%) on volume of 5,313,818 shares traded. The analysts upped MDT to Outperform from Neutral. Over the last 52 weeks the stock has ranged from a low of $24.06 to a high of $40.90. Medtronic stock has been showing support around $35.48 and resistance in the $37.42 range. Technical indicators for the stock are bullish and S&P gives MDT a positive 4 STARS (out of 5) buy ranking. If you are looking for a hedged play on MDT the stock seems like it could be a candidate for a February out-of-the-money bull-put credit spread below the 34 range.

ABR-Seven Summits Strategic Investments NewsBite Goto www.iotogo.com/18w1 for our free report titled, The 18 Ways To Know When It's Time To Dump A Stock

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News Provided by COMTEX

Company: Medtronic, Inc. (MDT)


Related terms: S&P

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