UPDATE: Jefferies Raises PT to $64 on Teleflex Incorporated; Solid Q1
Jefferies increases its price target on Teleflex Incorporated (NYSE: TFX) from $60 to $64 following a solid quarter, but maintains its Hold rating on shares on minimal leverage gains.
Jefferies says, "TFX reported 1Q well ahead of expectations with the benefit of extra selling days but also with further price and share gains, which seem sustainable. However, reiterated ‘12 guidance still calls for modest margin expansion in the face of further investments in growing the business. Raising PT to $64 but staying at Hold through what is shaping up as another investment year."
TFX closed at $63.66 on Tuesday.
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