JMP Securities analyst David Turkaly has reiterated their neutral stance on TFX stock, giving a Hold rating on March 30.
David Turkaly has given his Hold rating due to a combination of factors surrounding Teleflex’s recent strategic decisions and financial outlook. The company’s announcement to split into two separate publicly-traded entities has introduced a level of uncertainty, as the specific details of the transaction are not yet available for thorough evaluation. While the strategic move might yield financial benefits, the lack of concrete information makes it challenging to assess its potential impact fully.
Additionally, Teleflex’s 2025 guidance indicates potential revenue growth challenges due to several temporal issues, including reimbursement pressures, impacts from vertical integration by a key customer, and procurement practices in China. These factors, combined with anticipated foreign exchange headwinds, suggest a muted growth outlook. Despite the company’s recent quarterly performance showing some positive aspects, such as a higher-than-expected adjusted EPS, the overall uncertainties and the current valuation relative to peers justify maintaining a Hold rating.
In another report released on March 30, RBC Capital also maintained a Hold rating on the stock with a $155.00 price target.