Latest news with #LarryBiegelsen
Business Insider
13 hours ago
- Business
- Business Insider
Wells Fargo Remains a Buy on Dexcom (DXCM)
Wells Fargo analyst Larry Biegelsen maintained a Buy rating on Dexcom yesterday and set a price target of $98.00. The company's shares closed yesterday at $84.03. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. According to TipRanks, Biegelsen is a 4-star analyst with an average return of 6.1% and a 55.00% success rate. Biegelsen covers the Healthcare sector, focusing on stocks such as Dexcom, Medtronic, and Abbott Laboratories. The word on The Street in general, suggests a Strong Buy analyst consensus rating for Dexcom with a $99.46 average price target, a 18.36% upside from current levels. In a report released on July 16, Mizuho Securities also upgraded the stock to a Buy with a $100.00 price target. The company has a one-year high of $113.28 and a one-year low of $57.52. Currently, Dexcom has an average volume of 3.6M.
Globe and Mail
12-07-2025
- Business
- Globe and Mail
Wells Fargo Reaffirms Their Buy Rating on Medtronic (MDT)
Wells Fargo analyst Larry Biegelsen maintained a Buy rating on Medtronic yesterday and set a price target of $98.00. The company's shares closed yesterday at $89.40. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. According to TipRanks, Biegelsen is a 5-star analyst with an average return of 8.2% and a 58.24% success rate. Biegelsen covers the Healthcare sector, focusing on stocks such as Medtronic, Dexcom, and Abbott Laboratories. In addition to Wells Fargo, Medtronic also received a Buy from Bank of America Securities's Travis Steed in a report issued today. However, yesterday, BTIG maintained a Hold rating on Medtronic (NYSE: MDT). The company has a one-year high of $96.25 and a one-year low of $76.68. Currently, Medtronic has an average volume of 7.61M.
Globe and Mail
04-07-2025
- Business
- Globe and Mail
Intuitive Surgical (ISRG) Receives a Buy from Wells Fargo
Wells Fargo analyst Larry Biegelsen maintained a Buy rating on Intuitive Surgical yesterday and set a price target of $559.00. The company's shares closed yesterday at $540.60. Don't Miss TipRanks' Half-Year Sale Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Biegelsen covers the Healthcare sector, focusing on stocks such as Dexcom, Abbott Laboratories, and Medtronic. According to TipRanks, Biegelsen has an average return of 7.2% and a 56.91% success rate on recommended stocks. Intuitive Surgical has an analyst consensus of Strong Buy, with a price target consensus of $596.35, which is a 10.31% upside from current levels. In a report released yesterday, Leerink Partners also maintained a Buy rating on the stock with a $539.00 price target. ISRG market cap is currently $192.8B and has a P/E ratio of 79.30.
Business Insider
29-06-2025
- Business
- Business Insider
Wells Fargo Reaffirms Their Buy Rating on Boston Scientific (BSX)
In a report released on June 26, Larry Biegelsen from Wells Fargo maintained a Buy rating on Boston Scientific (BSX – Research Report), with a price target of $118.00. The company's shares closed last Friday at $106.53. Don't Miss TipRanks' Half Year Sale Take advantage of TipRanks Premium for 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. According to TipRanks, Biegelsen is a 5-star analyst with an average return of 7.1% and a 56.49% success rate. Biegelsen covers the Healthcare sector, focusing on stocks such as Abbott Laboratories, Dexcom, and Medtronic. Currently, the analyst consensus on Boston Scientific is a Strong Buy with an average price target of $120.05, representing a 12.69% upside. In a report released on June 27, Bank of America Securities also maintained a Buy rating on the stock with a $115.00 price target. BSX market cap is currently $157.6B and has a P/E ratio of 78.06. Based on the recent corporate insider activity of 122 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of BSX in relation to earlier this year. Last month, Edward Ludwig, a Director at BSX sold 4,000.00 shares for a total of $418,360.00.
Yahoo
26-06-2025
- Business
- Yahoo
BD's Q1 Earnings Call: Our Top 5 Analyst Questions
Becton, Dickinson and Company's first quarter results were met with a sharp negative market reaction, reflecting concerns around revenue performance and margin compression. Management attributed the shortfall primarily to weaker demand in its Life Sciences segment, driven by reduced global research funding and slower-than-expected recovery in diagnostic testing volumes. CEO Tom Polen stated, 'We are not satisfied with this quarter's top-line growth,' highlighting both external pressures—such as changes in U.S. research grant policy—and internal supply chain adjustments. The company also pointed to delays in returning blood culture testing to normal levels, despite resolving earlier supplier issues. Is now the time to buy BDX? Find out in our full research report (it's free). Revenue: $5.27 billion vs analyst estimates of $5.35 billion (4.5% year-on-year growth, 1.5% miss) Adjusted EPS: $3.35 vs analyst estimates of $3.28 (2.1% beat) Adjusted EBITDA: $1.52 billion vs analyst estimates of $1.54 billion (28.9% margin, 1.1% miss) Adjusted EPS guidance for the full year is $14.20 at the midpoint, missing analyst estimates by 1.2% Operating Margin: 10.4%, down from 14.5% in the same quarter last year Constant Currency Revenue rose 6% year on year (4.7% in the same quarter last year) Market Capitalization: $48.98 billion While we enjoy listening to the management's commentary, our favorite part of earnings calls are the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention. Larry Biegelsen (Wells Fargo) asked for clarity on the magnitude and mitigation of tariff expenses, with CFO Chris DelOrefice explaining that the $0.25 per share impact is net of mitigation efforts and would need to be partially annualized for next year. Robbie Marcus (JPMorgan) pressed on specific drivers behind the downward revision in organic growth, with DelOrefice breaking down the headwinds as primarily stemming from China, research spending cuts, and slow diagnostic recovery. Matt Taylor (Jefferies) explored the company's levers for managing tariffs, prompting CEO Tom Polen to detail inventory repositioning, supplier shifts, and the use of alternate global manufacturing sites to reduce exposure. Travis Steed (Bank of America) questioned the credibility of the accelerated growth outlook for the second half, with management conceding that macro volatility has made guidance more difficult but expressing confidence in the pipeline of launches and operational execution. Patrick Wood (Morgan Stanley) asked about sustaining internal efficiency programs, to which Polen and President Mike Feld highlighted that the BD Excellence initiatives are still expanding and viewed as energizing for employees, freeing up time for value-added work. In the coming quarters, the StockStory team will be monitoring (1) the pace of recovery in diagnostics and research funding environments, (2) successful ramp-up and market uptake of new product launches such as FACSDiscover A8 and CentroVena One, and (3) the effectiveness of tariff mitigation strategies as the external landscape evolves. Execution on the planned business separation and further margin improvements through BD Excellence will also be key signposts. BD currently trades at $170.90, down from $206.90 just before the earnings. At this price, is it a buy or sell? See for yourself in our full research report (it's free). Donald Trump's victory in the 2024 U.S. Presidential Election sent major indices to all-time highs, but stocks have retraced as investors debate the health of the economy and the potential impact of tariffs. While this leaves much uncertainty around 2025, a few companies are poised for long-term gains regardless of the political or macroeconomic climate, like our Top 5 Growth Stocks for this month. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-micro-cap company Kadant (+351% five-year return). Find your next big winner with StockStory today.
