Needham analyst Mike Matson downgraded Inari Medical (NARI) to Hold from Buy without a price target. The analyst believes the company is losing share to Penumbra (PEN) and expects the venous thrombectomy market to get more competitive with the entrance of more companies. Needham remains bullish on Inari’s emerging therapies but does not believe the stock can work if the venous thrombectomy market slows more. With the shares having recovered to where they were before the Justice Department investigation was disclosed, they no longer account for the associated risk, contends Needham.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NARI:
- Inari Medical price target raised to $60 from $47 at Truist
- Inari Medical price target raised to $60 from $55 at Morgan Stanley
- Piper says Sight Sciences, Paragon 28 codes rated higher in CMS proposal
- Class Action Lawsuit Against Inari Medical, Inc. (NASDAQ:NARI)
- Inari Medical director sells $3.0M in common stock
Questions or Comments about the article? Write to editor@tipranks.com