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Fly News Breaks for September 6, 2017
TFX
Sep 6, 2017 | 13:34 EDT
Morgan Stanley analyst David Lewis upgraded Teleflex to Overweight from Equal Weight and raised his price target for the shares to $274 from $220. The analyst, in an intraday research note, says the company's acquisition of NeoTract is "transformative" and addresses his primary concern regarding sustainable growth. He sees high teens earnings growth thru 2020 and expects Teleflex's valuation gap relative to peers to narrow as a result. The shares in afternoon trading are up 3%, or $5.98, to $216.92.
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