Medline (NASDAQ:MDLN) Now Covered by Analysts at Wolfe Research

Equities researchers at Wolfe Research started coverage on shares of Medline (NASDAQ:MDLNGet Free Report) in a report released on Monday. The firm set an “outperform” rating and a $47.00 price target on the stock. Wolfe Research’s price objective would indicate a potential upside of 15.99% from the company’s current price.

A number of other equities research analysts also recently weighed in on MDLN. Sanford C. Bernstein started coverage on Medline in a report on Monday. They set an “outperform” rating and a $49.00 price objective on the stock. Royal Bank Of Canada initiated coverage on Medline in a research report on Monday. They set an “outperform” rating and a $47.00 target price for the company. The Goldman Sachs Group set a $49.00 price objective on Medline and gave the stock a “buy” rating in a research note on Monday. Morgan Stanley began coverage on shares of Medline in a report on Sunday. They set an “overweight” rating and a $48.00 price target for the company. Finally, Redburn Partners set a $42.00 price objective on shares of Medline in a research note on Monday. Eighteen analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $47.25.

Get Our Latest Stock Report on MDLN

Medline Price Performance

NASDAQ:MDLN opened at $40.52 on Monday. Medline has a 52 week low of $34.89 and a 52 week high of $45.50.

Insiders Place Their Bets

In other Medline news, major shareholder Hellman & Friedman Capital Par sold 6,088,371 shares of the firm’s stock in a transaction dated Thursday, December 18th. The shares were sold at an average price of $28.37, for a total value of $172,727,085.27. Following the completion of the sale, the insider owned 4,806,160 shares in the company, valued at approximately $136,350,759.20. This trade represents a 55.88% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Andrew J. Mills bought 2,586,206 shares of Medline stock in a transaction dated Thursday, December 18th. The shares were bought at an average price of $29.00 per share, for a total transaction of $74,999,974.00. Following the completion of the transaction, the director directly owned 2,586,206 shares of the company’s stock, valued at $74,999,974. This represents a ∞ increase in their position. The SEC filing for this purchase provides additional information.

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About Medline

(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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