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Fly News Breaks for September 27, 2016
TFX
Sep 27, 2016 | 08:16 EDT
Leerink analyst Richard Newitter lowered his price target for Teleflex to $185 from $190 on valuation. Despite his confidence in the company's ability to deliver on long-term sales/margin targets, the analyst remains on the sidelines as he believes Teleflex's premium valuation already assigns a healthy amount of credit for a sales growth outlook and EPS upside drivers related to future potential M&A and additional restructuring efforts. Newitter reiterates a Market Perform rating on the shares.
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