Integer Holding (ITGR) PT Raised to $140 at Piper Sandler

Piper Sandler analyst Matt O'Brien raised the price target on Integer Holding (NYSE: ITGR) to $140.00 (from $125.00) while maintaining a Overweight rating.

The analyst commented, "This morning, Integer reported Q3 results that were in-line on the top-line (when adjusting for divestitures) but beat handily on the bottom-line. Revenue guidance was maintained, but operating profit growth was increased by 100 basis points. The company’s C&V business (the biggest part of the company and largest growth driver too) delivered results that were a little short of expectations, which is weighing on shares today. We remind investors that contract manufacturer results can be volatile, which is likely what happened in C&V this quarter, and we suspect it will lift in the back half of the year through improved growth in PFA, mitral, and tricuspid results, among other things. We recommend investors take advantage of the HSD pullback in the stock this morning to start or build positions in a name we rate OW."

You May Also Be Interested In

• Bernstein SocGen Group Starts Terawulf Inc. (WULF) at Outperform
• Dover Corp. (DOV) PT Raised to $230 at Morgan Stanley
• MaxLinear (MXL) PT Raised to $105 at Stifel