5 Healthcare Stocks with Highest Dividends

4. Medtronic plc (NYSE:MDT)

Dividend Yield as of April 15: 3.26%

On April 15, Truist analyst Richard Newitter lowered the firm’s price target on Medtronic plc (NYSE:MDT) to $95 from $103 and kept a Hold rating on the shares. The update came as part of a broader Q1 preview for MedTech.The analyst said Q1 performance is expected to come in line with, or slightly better than, what current investor sentiment suggests around volumes. There is some caution in the market, but the underlying expectations appear more stable. Truist also noted that the stock’s discount could narrow. The reasoning is straightforward. The company is now one quarter closer to potential revenue accelerants. At the same time, it will need to show faster revenue and EPS growth to support higher valuation multiples over the long term.

On April 13, Mizuho also updated its view on the company. It lowered its price target on Medtronic to $120 from $125 and kept an Outperform rating on the shares. The firm adjusted estimates and targets across several names in medical devices and diagnostics ahead of Q1 earnings.

Medtronic plc (NYSE:MDT) is based in Ireland and provides healthcare technology solutions. Its business is organized across four main segments: Cardiovascular, Neuroscience, Medical Surgical, and Diabetes.