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Fly News Breaks for March 13, 2018
PEN
Mar 13, 2018 | 07:09 EDT
Wells Fargo analyst Larry Biegelsen raised his price target for Penumbra to $138 after hosting a call with management. The company still expects to launch a next-generation stroke system this year and will continue to focus on technologies and processes that can help to reduce time and cost of clot removal, Biegelsen tells investors in a research note. His new price target reflects 10 tomes his 2019 revenue forecast. The analyst keeps an Outperform rating on Penumbra.
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