Medline (NASDAQ:MDLN) Now Covered by Analysts at Rothschild & Co Redburn

Stock analysts at Rothschild & Co Redburn started coverage on shares of Medline (NASDAQ:MDLNGet Free Report) in a note issued to investors on Monday,Benzinga reports. The brokerage set a “neutral” rating and a $42.00 price target on the stock. Rothschild & Co Redburn’s target price would suggest a potential upside of 3.65% from the stock’s previous close.

A number of other analysts have also weighed in on MDLN. The Goldman Sachs Group set a $49.00 price objective on Medline and gave the stock a “buy” rating in a research report on Monday. Robert W. Baird began coverage on Medline in a research report on Monday. They issued an “outperform” rating and a $48.00 price target on the stock. Piper Sandler assumed coverage on shares of Medline in a report on Monday. They issued an “overweight” rating and a $50.00 target price on the stock. Wall Street Zen upgraded shares of Medline to a “hold” rating in a research note on Saturday. Finally, JPMorgan Chase & Co. assumed coverage on shares of Medline in a research report on Monday. They issued an “overweight” rating and a $50.00 price objective on the stock. Eighteen analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $47.25.

Read Our Latest Stock Report on MDLN

Medline Price Performance

Shares of MDLN stock opened at $40.52 on Monday. Medline has a fifty-two week low of $34.89 and a fifty-two week high of $45.50.

Insider Activity

In related news, Director Charles N. Mills purchased 2,579,310 shares of the business’s stock in a transaction that occurred on Thursday, December 18th. The shares were purchased at an average cost of $29.00 per share, for a total transaction of $74,799,990.00. Following the purchase, the director directly owned 2,441,379 shares of the company’s stock, valued at $70,799,991. The trade was a -1,870.00% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Hellman & Friedman Capital Par sold 6,088,371 shares of Medline stock in a transaction dated Thursday, December 18th. The stock was sold at an average price of $28.37, for a total value of $172,727,085.27. Following the sale, the insider owned 4,806,160 shares in the company, valued at $136,350,759.20. This trade represents a 55.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure.

More Medline News

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About Medline

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Medline (NASDAQ: MDLN) is a healthcare products and services company that manufactures, sources and distributes a wide range of medical supplies and equipment for healthcare providers. Its product portfolio spans clinical consumables and personal protective equipment, surgical and procedural supplies, wound care and incontinence products, diagnostic and laboratory supplies, and select durable medical equipment. Medline supports care settings that include hospitals, health systems, long-term care facilities, ambulatory clinics and home health providers.

In addition to product manufacturing and distribution, Medline provides supply‑chain and logistics services designed to help healthcare customers manage inventory, reduce costs and streamline operations.

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Analyst Recommendations for Medline (NASDAQ:MDLN)

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