Wells Fargo raised the firm’s price target on Penumbra to $320 from $291 and keeps an Overweight rating on the shares. The firm notes the company reported Q1 sales/EPS ahead of expectations. Wells continues to see the pace of new launch uptake as the key driver to potential upside.
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Read More on PEN:
- Penumbra price target raised to $300 from $285 at Piper Sandler
- Penumbra price target raised to $308 from $286 at Canaccord
- Penumbra raises FY23 revenue view to $1.04B-$1.06B from $1.0B
- Penumbra reports Q1 EPS 22c, consensus 11c
- Penumbra, Inc. Reports First Quarter 2023 Financial Results
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