This morning, Credit Suisse increased its price target on shares of Medtronic (NYSE:MDT) to $62 as favorable currency rates will benefit earnings. In the report, Credit Suisse raised its EPS estimates as well but maintained its neutral rating. Shares of Medtronic were flat on Monday, trading around $58.50 per share.
Jefferies increased its price target on shares of Packaging Corporation of America (NYSE:PKG) to $69 as the acquistion of Boise will benefit earnings in the near term. In the report, Jefferies upped its EPS estimates and reiterated its buy rating. Shares of PKG were modestly lower today, falling 0.3% so far.
And BMO Capital upgraded shares of InterContinental Exchange (NYSE:ICE) from market perform to outperform as the company will likely sell the EuroNext exchange and use the money to buy back shares. In the report, BMO set a $224 price target. Shares of InterContinental were flat on the news, trading just above $202 per share.
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.
X
Wait! Don't leave yet.
Want to receive our latest research absolutely free?
⤹
Click the button below for your complimentary copy of Your Early Retirement Portfolio: Dividends Up to 8.7%—Every Month—Forever.
You'll discover the details on 4 stocks and funds that pay you massive dividends as high as 8.7%.