It's been a bumpy ride for the market recently, but some stocks may serve as a haven for investors amid the heightened volatility. Stocks are down so far this week after economic data released Tuesday raised concerns that inflation is staying stubbornly above the Federal Reserve's 2% target, leading to a spike in Treasury yields. On top of that, a tech stock sell-off Tuesday weighed on the broader market.
By contrast, a little more than half of the analysts that cover Medtronic are bullish. The medical equipment maker pays a dividend yield of 4%, has a payout ratio of 48% and a net leverage ratio of 2 times earnings. Among the 33 analysts covering Medtronic, 16 rate it a strong buy or buy, while 15 have a hold rating.
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