Jefferies Maintains a 'Hold' on Teleflex (TFX); Acquiring LMA Intl in Accretive Deal

August 15, 2012 7:54 AM EDT
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Price: $165.40 --0%

Rating Summary:
    10 Buy, 5 Hold, 0 Sell

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    Up: 21 | Down: 16 | New: 10
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Jefferies maintains a 'Hold' on Teleflex (NYSE: TFX) price target of $60.00.

Analyst, Raj Denhoy, said, "TFX is acquiring LMA International, a leading laryngeal mask provider, for $276mm in an all cash transaction expected to close in October 2012. The acquisition increases Teleflex Anesthesia by a half with an initial full-year accretion target of at least $0.35 per share. Longer-term the deal could add $0.60+ per year, bringing the company ever closer to its “high five” goals."

For an analyst ratings summary and ratings history on Teleflex click here. For more ratings news on Teleflex click here.

Shares of Teleflex closed at $63.68 yesterday.

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