tiprankstipranks
Teleflex price target lowered to $245 from $266 at Raymond James
The Fly

Teleflex price target lowered to $245 from $266 at Raymond James

Raymond James analyst Jayson Bedford lowered the firm’s price target on Teleflex (TFX) to $245 from $266 and keeps an Outperform rating on the shares. The reaction seems “harsh” for a 1% revenue miss and a 3% EPS beat, but positioning into the quarter was “imbalanced,” particularly especially after the Q2 guidance raise and in front of the emerging Intra-Aortic Balloon Catheter revenue opportunity, the analyst tells investors in a research note. The firm continues to view the IABP opportunity as a new growth driver in 2025 and believes that Teleflex can use its significant cash flow to help generate 8%+ EPS growth over the next two years.

Don't Miss our Black Friday Offers:

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App