Medtronic plc (NYSE: MDT), a global leader in healthcare technology, today announced results from the Medtronic ADAPT study were published in The Lancet Diabetes & Endocrinology.
Wells Fargo has decided to maintain its Equal-Weight rating of Medtronic (NYSE:MDT) and lower its price target from $104.00 to $96.00.
Shares of Medtronic are trading down 0.43% over the last 24 hours, at $89.83 per share.
A move to $96.00 would account for a 6.87% increase from the current share price.
Medtronic's (NYSE:MDT) short percent of float has fallen 5.19% since its last report. The company recently reported that it has 9.77 million shares sold short, which is 0.73% of all regular shares that are available for trading.