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Fly News Breaks for November 3, 2017
TFX
Nov 3, 2017 | 09:31 EDT
Needham analyst Mike Matson raised his price target on Teleflex to $285 and kept his Buy rating after Q3 results. Matson notes the 5% growth in revenue was up from 3.5% in the prior quarter, even though that was due to easier comps. The analyst also sees significant margin improvement in Q3 while forecasting accelerating revenue growth in Q4 reflecting sales of new products and the NeoTract and Vascular Solutions acquisitions.
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