MiniMed Group is trading 4.02% up now at $20.57 after BofA Securities raised its price target to $24 from $20 while maintaining a Buy rating.
- BofA cited the approaching potential window for Medtronic to exchange its 90% ownership stake for Medtronic shares, providing a company-specific catalyst.
- Broader markets are also higher following in-line July CPI data, adding supportive sentiment.