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Medtronic beats earnings expectations despite slight drop in stock and institutional ownership.
Medtronic PLC, a major medical device company, saw its stock slightly reduced by some investors but still beat earnings expectations with a $1.62 EPS and $8.93 billion in revenue.
The company's shares, valued around $92.91, have a market cap of $119.16 billion.
Despite institutional ownership dropping slightly, analysts still have a "Moderate Buy" rating on Medtronic with a target price of $98.19.
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Medtronic supera las expectativas de ganancias a pesar de una ligera caída en las acciones y en la propiedad institucional.