Teleflex (TFX) PT Raised to $190 at Leerink Partners But Remains Sidelined
Get Alerts TFX Hot Sheet
Rating Summary:
12 Buy, 14 Hold, 0 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 9 | Down: 6 | New: 4
Join SI Premium – FREE
Leerink Partners analyst Richard Newitter reiterated an Market Perform rating and raised its price target on Teleflex (NYSE: TFX) to $190.00 (from $183.00) as TFX's 2Q demonstrated significant operating leverage off of a small revenue beat.
"Still we remain on the sidelines as we believe the premium multiple already gives TFX credit for its current growth profile and operating initiatives," the analyst said.
The firm's '16E rev is unchanged at $1.88B, but they increase EPS to the top end of guidance at $7.32 (vs. $7.21 prior) and continue to think that upside is likely in 2H16.
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 $180.57 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Deutsche Bank Upgrades MSCI Inc. (MSCI) to Buy, 'Compelling entry point for long-term investors'
- Texas Instruments (TXN) PT Raised to $225 at Evercore ISI
- Matador Resources Company (MTDR) PT Raised to $78 at Mizuho
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS View, Analyst PT ChangeSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!