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Analysts Offer Insights on Healthcare Companies: Medtronic (MDT) and Apellis Pharmaceuticals (APLS)

Tipranks - Thu Apr 2, 4:18AM CDT

Analysts have been eager to weigh in on the Healthcare sector with new ratings on Medtronic (MDT) and Apellis Pharmaceuticals (APLS).

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Medtronic (MDT)

Barclays analyst Matt Miksic maintained a Buy rating on Medtronic today and set a price target of $120.00. The company’s shares closed last Tuesday at $86.65.

According to TipRanks.com, Miksic is a 4-star analyst with an average return of 2.7% and a 51.5% success rate. Miksic covers the Healthcare sector, focusing on stocks such as Anteris Technologies Global Corp., GE Healthcare Technologies Inc, and Orchestra BioMed Holdings. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Medtronic with a $112.36 average price target, representing a 29.6% upside. In a report issued on March 20, TipRanks – PerPlexity also upgraded the stock to Buy with a $102.00 price target.

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Apellis Pharmaceuticals (APLS)

In a report released today, Eliana Merle from Barclays maintained a Hold rating on Apellis Pharmaceuticals, with a price target of $41.00. The company’s shares closed last Tuesday at $40.23.

According to TipRanks.com, Merle is a 3-star analyst with an average return of 3.1% and a 39.7% success rate. Merle covers the Healthcare sector, focusing on stocks such as Sagimet Biosciences, Inc. Class A, Ultragenyx Pharmaceutical, and 4D Molecular Therapeutics. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Apellis Pharmaceuticals with a $33.69 average price target, implying a -16.6% downside from current levels. In a report released yesterday, Robert W. Baird also downgraded the stock to Hold with a $41.00 price target.

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