Truist lowered the firm’s price target on Teleflex (TFX) to $149 from $200 and keeps a Hold rating on the shares. The firm says the company’s “bug” Q4 revenue miss and below consensus guidance, CFO change, acquisition and break-up leave “lots for investors to contemplate. The firm sees a path to value creation potential “if all goes go to plan,” but adds “that’s a big if.” It believes “many risks remain” for Teleflex.
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Read More on TFX:
- Walgreens downgraded, Cava Group upgraded: Wall Street’s top analyst calls
- Teleflex price target lowered to $146 from $214 at Wells Fargo
- Teleflex downgraded to Neutral from Overweight at Piper Sandler
- Teleflex downgraded to Market Perform from Outperform at Raymond James
- Teleflex Reports Steady Growth and Strategic Moves