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Fly News Breaks for February 23, 2018
TFX
Feb 23, 2018 | 07:35 EDT
Leerink analyst Richard Newitter lowered his price target for Teleflex to $300 from $321 but believes the 8% post-earnings selloff in the stock presents a buying opportunity. The analyst is giving management the benefit of the doubt that the main culprits behind weak Q4 organic revenue growth should prove transient. He believes the stock's premium valuation is justified and reiterates an Outperform rating on the name.
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