Barclays Sees Upside In Teleflex, Raises Price Target

Related Link: Teleflex Sees FY2016 Guidance $7.10 To $7.25

"The TFX business appears healthy," stated the analyst. Taylor listed five highlights behind the price target increase:

• Utilization has trended positively in the United States
• The company expected to be active on the M&A front
• There are several upside drivers to margins
• GPO wins hit a new record in 1Q
• The company's "Percuvance launch is on track for 3Q in the US"

At the time of writing, Telefex traded at $173.24, up 0.01 percent.