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Fly News Breaks for October 28, 2016
TFX
Oct 28, 2016 | 10:26 EDT
As previously reported, Stephens analyst Chris Cooley downgraded Teleflex to Equal Weight from Overweight following the company's Q3 miss and 2016 guidance reduction. The analyst believes the shares are not expected to sustain a material move higher until after Teleflex re-establishes operational credibility by demonstrating a re-acceleration in organic growth. He also lowered his price target on the shares to $158 from $190.
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