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Fly News Breaks for May 9, 2018
PEN
May 9, 2018 | 09:21 EDT
BMO Capital analyst Joanne Wuensch raised her price target on Penumbra to $140 after the company's Q1 results, saying its constant currency revenue growth has accelerated to 36% from mid-20s seen for most of 2017. The analyst notes that it is not yet clear whether the "ischemic stroke market has entered a new, hyperbolic phase of growth or if it reflects uneven dynamics", but will look to verify the trend. Wuensch keeps her Market Perform rating to reflect the current risk-reward on the company.
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