Morgan Stanley is Recommending These 5 Stocks for 2024

3. Medtronic PLC (NYSE:MDT)

Number of Hedge Fund Investors: 59

Medical device company Medtronic PLC (NYSE:MDT) shares have gained about 6.8% over the past one year. Morgan Stanley said in its December 2023 report that there’s a 20% upside to base case for the stock in 2024.

As of the end of the third quarter of 2023, 59 hedge funds tracked by Insider Monkey had stakes in Medtronic PLC (NYSE:MDT). The most notable hedge fund stakeholder of Medtronic PLC (NYSE:MDT) was Jean-Marie Eveillard’s First Eagle Investment Management which owns a $477 million stake in Medtronic PLC (NYSE:MDT).