BofA cuts ‘relative underperformer’ Teleflex to Underperform

As previously reported, BofA downgraded Teleflex (TFX) to Underperform from Neutral with a price target of $140, down from $235. As several challenges likely limit upside to 2025 results and the announced separation into two public companies may not unlock meaningful value, the firm expects Teleflex to be a “relative underperformer,” the analyst tells investors. Shares are down 24% since Teleflex announced a Q4 revenue miss, 2025 revenue and EPS guidance well below the Street, its CFO’s retirement, an $800M acquisition and the planned split last week, the analyst noted.