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Fly News Breaks for April 25, 2018
CNMD
Apr 25, 2018 | 21:15 EDT
Piper Jaffray analyst Matt O'Brien raised his price target on CONMED to $61 after the company's Q1 earnings beat, saying the general surgery business was the outperformer in the quarter as "customers are realizing that there is no real comparison to AirSeal" after trialing competitive products. The analyst keeps his Neutral rating on CONMED amid steeper valuation while opting to wait for more evidence of sustained margin expansion.
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