UPDATE: Integer Holding (ITGR) PT Raised to $111 at KeyBanc

October 28, 2021 4:17 PM EDT
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Price: $82.22 -0.22%

Rating Summary:
    3 Buy, 1 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 9 | Down: 11 | New: 61
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(Updated - October 28, 2021 4:18 PM EDT)

KeyBanc analyst Matthew Mishan raised the price target on Integer Holding (NYSE: ITGR) to $111.00 (from $107.00) while maintaining a Overweight rating.

The analyst comments "Reiterate OW and raise PT to $111 to reflect higher estimates. ITGR continues to manage through various NT macro headwinds, and we are encouraged by communication of a visible runway for capital allocation. More specifically: 1) despite broader industry challenges, ITGR demonstrated a level of resilience in 3Q and modestly increased full-year guidance; 2) management announced the acquisition of Oscor, its first revenue accretive deal in several years; and 3) from here, it also expressed confidence in its ability to deploy ~$200M-$250M of annual capital toward M&A."

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