B. Riley downgraded Tactile Systems (TCMD) to Neutral from Buy with a price target of $18, down from $23, following the Q4 report. While the company’s sales guidance range bracketed the Street, its adjusted EBITDA guidance was significantly lower than expectations and implies negative 3% year-over-year growth, the analyst tells investors in a research note. The firm says that in addition to the slowdown in expected earnings, the qui tam lawsuits remain and the airway clearance guidance for 2025 implies slight share losses.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TCMD:
- Tactile Systems Technology: Hold Rating Amid Earnings Slowdown and Legal Challenges
- Tactile Systems Technology Reports Strong 2024 Financial Growth
- Tactile Systems reports Q4 EPS 40c vs 35c last year
- Tactile Systems sees FY25 revenue $316M-$322M, consensus $322.22M
- TCMD Upcoming Earnings Report: What to Expect?