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In a report published Monday, Morgan Stanley analyst David R. Lewis reiterated an Overweight rating on
TeleflexTFX, and raised the price target from $106.00 to $114.00.
In the report, Morgan Stanley noted, “Teleflex remains our top SMID pick and we are raising our price target from $106 to $114. Revenue acceleration should drive multiple expansion and near-term catalysts to improve visibility on margin expansion remain underappreciated. Conviction in 2015 EPS 7% above consensus is higher post 4Q13.”
Teleflex closed on Friday at $101.19.
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