TD Cowen lowered the firm’s price target on TransMedics (TMDX) to $120 from $175 and keeps a Buy rating on the shares. The firm said TransMedics is moving beyond the early innings of the Organ Care System (OCS) and National OCS Program (NOP) launches so the company s quarterly revenue performances have become levered to the US transplant market trends. Therefore it is becoming more important for investors to track and understand transplant volume growth.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TMDX:
- TransMedics Group call volume above normal and directionally bullish
- McDonald’s, Ford, Pfizer report Q3 earnings beats: Morning Buzz
- TransMedics price target lowered to $109 from $208 at Needham
- TransMedics price target lowered to $125 from $200 at Oppenheimer
- TransMedics price target lowered to $109 from $169 at Canaccord