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Fly News Breaks for October 2, 2018
MMSI
Oct 2, 2018 | 08:50 EDT
Barrington analyst Michael Petusky raised his price target for Merit Medical Systems to $69 after the company reached an agreement to acquire Cianna Medical. The transaction has the potential to support Merit's longer-term goals of building a portfolio of unique, high-margin products that can grow at above-average rates, Petusky tells investors in a research note. The analyst keeps an Outperform rating on Merit Medical.
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