Morgan Keegan has published a research report on Teleflex Incorporated TFX after the company announced its appointment of Thomas Powell as the Senior Vice President and Chief Financial Officer of the company.
In the report, Morgan Keegan writes, "Teleflex announced the appointment of Thomas Powell as Senior VP and Chief Financial Officer. Mr. Powell replaces Randy Meier who left the company on March 9, 2012. Importantly, Teleflex reiterated its 2012 guidance and our conversation with management indicates that there were no operational or accounting issues that precipitated the departure of Mr. Meier. Mr. Powell has been with Teleflex for 9-months, and we expect a smooth transition throughout 2012."
Morgan Keegan maintains its Market Perform rating and has raised the price target from $58 to $60 on Teleflex, which is currently trading down $0.61 from Friday's $59.42 closing price.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Posted In: Analyst ColorNewsPrice TargetManagementIntraday UpdateAnalyst RatingsBenson SmithMorgan KeeganRandy MeierThomas Powell
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in