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Fly News Breaks for May 14, 2018
TFX
May 14, 2018 | 08:30 EDT
Jefferies analyst Raj Denhoy raised his price target on Teleflex to $305 from $290, telling investors in a research note that the company's 2021 plan largely matched expectations going into its analyst day, with the company's new three-year outlook calling for $15 in EPS, 6%-7% organic growth, 380-480 basis points of adjusted operating margin expansion and a 16%-17.5% tax rate through 2021. The analyst, who has a Buy rating on Teleflex, sees upside beyond these targets, suggesting EPS could grow over the next three years in the mid-to-upper teens.
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