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Citigroup Upgrades Medtronic Plc (MDT) to a Buy from a Neutral

Medtronic Plc’s recently made public that its EVP & Pres Neuroscience Wall Brett A. unloaded Company’s shares for reported $1.12 million on Jan 24 ’25. In the deal valued at $90.00 per share,12,437 shares were sold. As a result of this transaction, Wall Brett A. now holds 40,979 shares worth roughly $3.84 million.

Then, Wall Brett A. bought 12,437 shares, generating $1,119,330 in total proceeds.

Before that, Wall Brett A. sold 9,850 shares. Medtronic Plc shares valued at $792,038 were divested by the EVP & Pres Neuroscience at a price of $80.41 per share. As a result of the transaction, Wall Brett A. now holds 40,708 shares, worth roughly $3.82 million.

Citigroup upgraded its Medtronic Plc [MDT] rating to a Buy from a a Neutral in a research note published on March 04, 2025; the price target was increased to $107 from $92. A number of analysts have revised their coverage, including RBC Capital Mkts’s analysts, who increased its forecast for the stock in early October from “a Sector perform” to “an Outperform”. Oppenheimer also remained covering MDT and reiterated its “Perform” recommendation on August 21, 2024. UBS revised its rating on August 15, 2024. It rated MDT as “a Neutral” which previously was an “a Sell”.

Price Performance Review of MDT

On Monday, Medtronic Plc [NYSE:MDT] saw its stock fall -0.74% to $93.80. Over the last five days, the stock has lost -0.53%. Medtronic Plc shares have risen nearly 17.43% since the year began. Nevertheless, the stocks have risen 9.64% over the past one year. While a 52-week high of $95.57 was reached on 03/10/25, a 52-week low of $75.96 was recorded on 01/06/25. SMA at 50 days reached $88.20, while 200 days put it at $85.68.

Levels Of Support And Resistance For MDT Stock

The 24-hour chart illustrates a support level at 92.82, which if violated will result in even more drops to 91.83. On the upside, there is a resistance level at 95.52. A further resistance level may holdings at 97.23. The Relative Strength Index (RSI) on the 14-day chart is 59.96, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.26, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 23.21%. Stochastics %K at 81.13% indicates the stock is a selling.

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