MiniMed Group (NASDAQ:MMED) Earns Outperform Rating from Analysts at William Blair

William Blair assumed coverage on shares of MiniMed Group (NASDAQ:MMED) in a research note issued to investors on Tuesday, Marketbeat.com reports. The brokerage issued an outperform rating on the stock.

MMED has been the topic of several other research reports. Piper Sandler initiated coverage on shares of MiniMed Group in a report on Tuesday. They set a “neutral” rating and a $16.00 target price on the stock. Mizuho started coverage on shares of MiniMed Group in a research note on Tuesday. They issued an “outperform” rating and a $21.00 price target for the company. BTIG Research initiated coverage on shares of MiniMed Group in a research report on Tuesday. They set a “buy” rating and a $25.00 price target for the company. Wells Fargo & Company initiated coverage on MiniMed Group in a research note on Tuesday. They set an “overweight” rating and a $26.00 price objective on the stock. Finally, Citigroup assumed coverage on MiniMed Group in a research note on Tuesday. They issued a “buy” rating and a $23.00 target price for the company. Eleven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, MiniMed Group has a consensus rating of “Moderate Buy” and a consensus target price of $22.45.

MiniMed Group Price Performance

Shares of NASDAQ MMED opened at $14.01 on Tuesday. MiniMed Group has a one year low of $13.52 and a one year high of $20.48.

MiniMed Group News Summary

Here are the key news stories impacting MiniMed Group this week:

• Positive Sentiment: Barclays set an “overweight” rating with a $26 price target (~85% upside vs. current price), giving a clear bullish analyst catalyst. Article Title
• Neutral Sentiment: Goldman Sachs initiated coverage on MMED (coverage note published; no widely reported price target in the release). Article Title
• Neutral Sentiment: William Blair began coverage on MMED (initial research coverage announced). Article Title
• Neutral Sentiment: Evercore initiated coverage on MMED (coverage note released). Article Title
• Neutral Sentiment: Wells Fargo initiated coverage on MMED. Article Title
• Neutral Sentiment: Piper Sandler initiated coverage on MMED. Article Title
• Neutral Sentiment: Deutsche Bank began coverage on MMED. Article Title
• Neutral Sentiment: Citigroup initiated coverage on MMED. Article Title
• Neutral Sentiment: BTIG Research initiated coverage on MMED. Article Title
• Neutral Sentiment: Mizuho began coverage on MMED. Article Title
• Neutral Sentiment: Morgan Stanley began coverage on MMED. Article Title
• Neutral Sentiment: Bank of America initiated coverage on MMED. Article Title

About MiniMed Group

We are a scaled global medical technology company that develops, manufactures, and markets a comprehensive suite of solutions for the management of diabetes. Since our founding more than 40 years ago, we have pioneered groundbreaking innovation and served the needs of our customers across the globe in service of our mission to make every day a better day for people with diabetes. Today, we are the only player in the market that commercializes all parts of an integrated diabetes management system.