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MDLN — Medline News Story

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HealthcareSpeculativeLarge CapFalling Star

Analysts start coverage on Medline with bullish ratings

** At least six brokerages start coverage on medical supplies maker and distributor Medline MDLN.O with bullish ratings as industry-mandated quiet period ends

** Medline made its public-market debut in December, valuing co at $46 billion in the largest U.S. IPO since Rivian's RIVN.O 2021 listing

** JPM says MDLN’s recent market share gains are likely to endure, with co well-placed to keep winning business by offering cost savings alongside strong service

** Jefferies says co is expected to grow at high single‑digit pace or better, with growth split evenly between existing customers and new client wins

** Trading price of $40.52 as of Friday's close is higher than IPO price of $29

** Ratings and PTs on the stock:

BrokerageRatingPT
J.P. MorganOverweight$50
Leerink PartnersOutperform$48
BairdOutperform$48
RBCOutperform$47
Piper SandlerOverweight$50
JefferiesBuy$50
(Reporting by Kanishka Ajmera in Bengaluru) ((mail to: Kanishka.Ajmera@thomsonreuters.com))

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