Raymond James Downgrades Teleflex (TFX) to Market Perform

Raymond James analyst Jayson Bedford downgraded Teleflex (NYSE: TFX) from Outperform to Market Perform.

The analyst comments: "We are (humbly) lowering our rating on TFX to Market Perform (from Outperform). We like the active portfolio management, but slowing fundamentals is our bigger concern. We overstayed our welcome with this stock, as we were stubbornly patient in thinking that Barrigel would help Urolift sales. Stabilization in Urolift is further out, and likely prompted some of the portfolio activity that we are seeing today. We acknowledge that a lot of the "bad news" may be in the stock but, for us, valuation cannot be the primary driver of our thesis."

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 $139.11 yesterday.

You May Also Be Interested In

• Backblaze Inc (BLZE) PT Raised to $14 at Needham
• AMD (AMD) PT Raised to $670 at UBS on Higher Share Expectations
• FedEx (FDX) PT Lowered to $350 at UBS on Lowered EPS Estimates