Barrington Research Upgrades Merit Medical Systems, Inc. (MMSI) to Outperform

Barrington Research upgraded Merit Medical Systems, Inc. (NASDAQ: MMSI) from Market Perform to Outperform with a price target of $22.00.

Analyst Michael Petusky said, "We are increasing our EBITDA estimates for each of the next three years and are reducing our net debt assumption for the company. As a result, we are upgrading shares to OUTPERFORM from MARKET PERFORM. Our price target is $22 is based on attaching a 12x multiple to our 2016 EBITDA estimate. Our price target also assumes approximately $155 million in net debt by the end of 2016."

For an analyst ratings summary and ratings history on Merit Medical Systems, Inc. click here. For more ratings news on Merit Medical Systems, Inc. click here.

Shares of Merit Medical Systems, Inc. closed at $19.24 yesterday.

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