St. Jude Medical, Inc. Receives Strong Buy from Needham

St. Jude Medical, Inc. STJ was rated a Strong Buy on Tuesday by Needham & Company LLC as the firm initiated coverage on STJ.  Needham also rated Medtronic, Inc. MDT a Buy and Boston Scientific Corporation BSX a Hold.

Despite analyst ratings, medical technology companies were largely down across the board late Tuesday.

St. Jude Medical, Inc. traded at $60.26, down 1.42 percent.

Medtronic, Inc. traded at $62.03, down 0.51 percent.

Boston Scientific Corporation traded at $11.82, down 0.10 percent.