Analyst Coverage

Analyst Firm
David Toung Argus Research Corporation  
Joanne Wuench BMO Capital Markets  
Matt Dodds Citigroup  
Kristen Stewart Credit Suisse  
John Cogan Daiwa Securities America  
Tao Levy Deutsche Bank  
Christopher Cooley FTN Midwest  
Mike Weinstein JP Morgan  
Assaf Guterman Lazard Capital Markets  
Rick Wise Leerink, Swann & Company  
Ed Shenkan Needham & Co.  
Tim Lee Piper Jaffary & Co.  
Sara Michelmore Cowen & Co.  
Gregory Simpson Stifel Nicholas  
Raj Denhoy Thomas Weisel Partners  
Bruce Nudell UBS  
Larry Biegelson Wachovia  
Ben Andrew William Blair & Co.  

Medtronic Inc. is followed by the analyst(s) listed above. Please note that any opinions, estimates or forecasts regarding Medtronic Inc.'s performance made by these analysts are theirs alone and do not represent opinions, forecasts or predictions of Medtronic Inc. or its management. Medtronic Inc. does not by its reference above or distribution imply its endorsement of or concurrence with such information, conclusions or recommendations.

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