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Stock Market & Financial Investment News

News Breaks
April 11, 2014
11:42 EDTCOVCovidien liability from recall appears limited, says Brean Capital
Brean Capital believes Covidien's liability from its voluntary recall of certain embolization and retrieval devices appears limited, noting that there were no deaths associated with the issue and only products distributed from May 2013 are affected. The firm estimates the impact for the recall is about $5M-$10M, which translates to about a 1c-2c impact to EPS, which should be offset by other parts of the business. Brean maintains its Buy rating and $75 price target on Covidien.
News For COV From The Last 14 Days
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February 17, 2015
09:29 EDTCOVMedtronic says FY16 constant currency revenue may be up mid-single digit range
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09:27 EDTCOVMedtronic, Covidien targeting over $850M in cost synergies through FY18
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08:49 EDTCOVMedtronic sees being at high end of Q4 revenue growth range
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