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Fly News Breaks for October 2, 2018
MMSI
Oct 2, 2018 | 15:15 EDT
Piper Jaffray analyst Matt O'Brien raised his price target for Merit Medical to $72 from $58 after the company announced the acquisition of Cianna Medical for $200M, with the deal expected to close in Q4 this year. The analyst is encouraged by the deal given the compelling technology in large markets that Merit Medical can geographically scale, and additionally believes that this could be the most accretive deal in recent history for the company. O'Brien reiterates an Overweight rating on the shares.
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