Conmed (CNMD) Tops Q3 EPS by 1c

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Leerink Partners Cuts Price Target on Conmed (CNMD) to $43; Reiterates Market Perform

October 28, 2016 9:04 AM EDT

Leerink Partners maintained a Market Perform rating on CONMED (NASDAQ: CNMD), and cut the price target to $43.00 (from $47.00), following the company's 3Q earnings report. 3Q revenues of $185M beat $178M estimates, and organic growth of +0.8% beat +0.4% forecasts and marked an improvement vs. -1% in 2Q and -2% in 1Q. Airseal revenues... More