Medline (NASDAQ:MDLN) Now Covered by TD Cowen

Analysts at TD Cowen started coverage on shares of Medline (NASDAQ:MDLNGet Free Report) in a report issued on Monday,Benzinga reports. The firm set a “buy” rating and a $46.00 price target on the stock. TD Cowen’s price objective would indicate a potential upside of 13.52% from the stock’s previous close.

Other equities research analysts have also issued research reports about the company. Sanford C. Bernstein assumed coverage on Medline in a research note on Monday. They set an “outperform” rating and a $49.00 price target on the stock. Redburn Partners set a $42.00 price objective on shares of Medline in a research note on Monday. UBS Group started coverage on Medline in a research report on Monday. They issued a “buy” rating and a $48.00 target price on the stock. Cowen started coverage on Medline in a research report on Monday. They set a “buy” rating for the company. Finally, Truist Financial set a $52.00 price target on shares of Medline and gave the stock a “buy” rating in a research report on Monday. Eighteen investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $47.25.

View Our Latest Stock Report on Medline

Medline Price Performance

Shares of MDLN stock opened at $40.52 on Monday. Medline has a 1-year low of $34.89 and a 1-year high of $45.50.

Insider Buying and Selling at Medline

In related news, major shareholder Hellman & Friedman Capital Par sold 6,088,371 shares of the stock in a transaction on 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 completion of the transaction, the insider directly owned 4,806,160 shares of the company’s stock, valued at approximately $136,350,759.20. This represents a 55.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Charles N. Mills bought 2,579,310 shares of the stock in a transaction on Thursday, December 18th. The shares were acquired at an average cost of $29.00 per share, for a total transaction of $74,799,990.00. Following the purchase, the director owned 2,441,379 shares in the company, valued at $70,799,991. The trade was a -1,870.00% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing.

Medline News Roundup

Here are the key news stories impacting Medline this week:

Medline Company Profile

(Get Free Report)

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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